News

‘Most taxpayers will see a cut': Senate's tax plan for Trump's spending package would permanently extend TCJA cuts
Among the core principles of both the House and Senate versions of the budget bill is permanently extending Trump’s 2017 tax ...
Senate Republicans propose deeper Medicaid cuts. Here’s what that means
Senate Republicans are taking Medicaid cuts even further than their House counterparts with legislation that targets hospital ...
Deeper Medicaid cuts, limited tax breaks for tips: What's in the Senate tax bill
The House-passed version of the bill would extend Trump's 2017 income tax cuts and implement new temporary tax breaks for ...
Trump’s Tax Cuts Would Raise Deficit By $2.8 Trillion, New Estimate Suggests
The nonpartisan Congressional Budget Office predicted the megabill would spur economic growth, but this would not be enough ...
Bessent Sees Deficit Falling Over 10 Years After Tax-Cut Bill
Treasury Secretary Scott Bessent said that there are a number of different assessments of the deficit impact of Republicans’ ...
Florida’s budget: Property tax rebates, sales tax cut fail
The GOP-controlled Legislature failed this spring to adopt its own most-ambitious proposals or those of Republican Gov. Ron ...
Senate GOP seeks to reward oil drillers amid deep cuts to wind and solar
The Senate version of President Donald Trump’s tax-cutting bill slashes green energy tax credits but contains generous ...
Trump's Social Security tax cut unlikely, but seniors may get $4,000 'bonus' deduction
One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...