Trump Tax Bill Advances
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By Bo EricksonWASHINGTON (Reuters) -U.S. Republican tax writers pushing through President Donald Trump's signature tax cut priorities proposed to eliminate a customer tax on firearm silencers, potentially undoing the almost 100-year-old tax.
A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.
The party’s leaders in the House face some difficult trade-offs in their effort to pass by the end of the week a measure that would reduce taxes and trim Medicaid.
House Republicans push forward deep Medicaid cuts in new tax and spending bill amid bipartisan concerns. Here's what that means for people.
Republicans said that now is the right time to cut the state’s top income tax rate from 4.75% to 4.5%, which will allow Oklahomans to keep more of their money. They said will grow spending and increase Oklahoma’s competitiveness in luring new residents to the state.
Republican plans call for axing consumer tax credits for home upgrades, EVs and rooftop solar, while sunsetting incentives that have brought billions in manufacturing investment to Michigan.
Goldman said tariffs could overshadow and boost to the economy provided by Republicans' sweeping fiscal package, which includes big tax and spending cuts.
WASHINGTON (AP) — Republicans will look to get their massive tax cut and border security package back on track during a rare Sunday night committee meeting after that same panel voted against advancing the measure two days earlier, a setback that Speaker Mike Johnson is looking to reverse quickly.