News

Tax Cuts, Student Loans, Medicaid: What’s in the Senate GOP’s Megabill
The bill proposes a new $6,000 per-person tax deduction for seniors. The maximum deduction starts phasing down once income ...
Institute on Taxation and Economic Policy1h
Megabill Takes Cap Off Unprecedented Private School Voucher Tax Credit, Potentially Raising Cost by Tens of Billions Relative to Earlier Version
It is clear that this tax credit has the potential to come with an enormous cost if private school groups are successful in ...
Student loans, gun silencers and a space shuttle: See surprises found in Senate tax bill
From gun silencers to the child tax credit, there are several secluded provisions lurking in the Senate's version of sweeping ...
Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
Senate removes excise tax on renewable energy industry from Trump domestic policy bill
The Senate budget bill would have imposed an excise tax on certain wind and solar projects with foreign materials.
Senate GOP removes tax on solar and wind energy but dismantles climate law passed by Democrats
The Senate approved the Republican budget bill as President Trump and GOP lawmakers move to dismantle the 2022 climate law ...
Big Beautiful Bill immediately hits the campaign trail in battle for Congress
The political battle over Trump's Big, Beautiful Bill hits the campaign trail, as candidates for an open Senate seat in ...