GOP, Trump and Tax Bill
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The tax bill before Congress would partially exempt the U.S. Virgin Islands from a law meant to crack down on tax havens, after a lobbying campaign by the territory’s government and a large private credit firm that stands to benefit from the measure.
Former IMF official Desmond Lachman highlights risks from Trump tariffs and tax cuts, warning of potential inflation, higher bond yields, and recession.
The U.S. Senate has added language to the major tax and budget policy bill that would restart and expand a compensation program for victims of nuclear radiation
Analysts say some working-class Americans who qualify for Medicaid could lose coverage because of churn from more frequent eligibility checks.
The big domestic policy bill passed by House Republicans last month would, by the end of this year, eliminate tax credits for homeowners and solar leasing companies that have fueled the popularity of rooftop solar. If it becomes law, it would lead to an immediate plunge in installations, analysts and companies say.
Missouri lawmakers are trying to address rising property tax rates with a new bill, but some are worried its methods are unconstitutional.
Savers might soon be able to use popular plans for much more than college.
The sale of millions of acres of federal land would provide billions of dollars to help pay for President Donald Trump’s massive package of tax cuts and spending in the Senate’s version of the bill released Wednesday night.