tax cut, GOP bill
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Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.
Speaker Mike Johnson is trying to strike a delicate balance between blue-state Republicans and conservative hard-liners on a sprawling bill for Trump's agenda.
Democrats on the committee introduced a series of amendments aimed at increasing the top marginal tax rate to its pre-2017 level of 39.6%, closing the carried-interest loophole, and blocking any tax breaks to centimillionaires and wealthy heirs. Republicans rejected every single one.
Germany's economic downturn and tax relief are likely to reduce total tax revenues by 81.2 billion euros ($90.94 billion) between 2025 and 2029 compared with a projection in October, figures the country's council of tax experts showed on Thursday.
The pressure is on to pass Trump's 'big beautiful bill.' What to know about reconciliation bill details: no tax on tips, overtime or Social Security.
The cost of Republican lawmakers’ draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher, thanks to the use of budget and political tools designed to minimize the appearance of the fiscal hit,
Analysis of the Republican bill's cuts to clean energy tax credits predicts a sharp drop in clean energy and EV sales and rising energy costs and emissions.