The Senate version raises to $40,000 the maximum deduction for state and local tax payments, with annual inflation adjustments. That deduction will revert to its current $10,000 level after 2029.

Nation/World Trump tax cut and spending bill will add $2.4 trillion to the deficit and leave 10.9 million more Americans uninsured, CBO says By Lisa Mascaro, Associated Press Published: June 4, 2025 ...

WASHINGTON (TNND) — Freshly departed government cost-cutting chief Elon Musk is railing against Republicans’ massive tax cut and spending bill as the Senate is making its push to get it passed ...

The sweetest spot in the bill though is a massive trillion-dollar tax cut for corporations and the wealthy. This is why you don’t hear any complaining from our MAGA/Republican friends here on ...

“A $500 billion Medicare cut is very substantial, could affect the ability of Medicare’s tens of millions of retired and disabled beneficiaries to access healthcare,” Johnson said.

As President Donald Trump 's sweeping tax-cut and spending bill heads to the Senate, analysts examine how his broad-ranging policies could turn the fortunes of U.S. companies if the package is ...

Consumers of small and medium-sized vehicles could see a 9 to 10 percent tax reduction, with efforts ongoing to address inflated vehicle prices through review of the point-of-sale system, Finance ...

Hardly any text is perfect in its first version. Whether you’re drafting an email, report, or article, revising is inevitable ...

McMaster’s office said the final budget included 80% of the governor’s proposals, including a cut to income tax, pay raises for teachers and law enforcement as well as funding for armed ...

WASHINGTON (Reuters) -U.S. Senate Republicans are moving forward on President Donald Trump's sweeping tax-cut and spending bill that includes major elements of his domestic agenda. The Senate advanced ...

The nonpartisan Congressional Budget Office handed Republicans a major political talking point Wednesday, with projections that showed the possibility for President Donald Trump’s tariffs to ...

Musk cut only about half of 1 per cent of total spending, far short of his brash plans to axe US$2 trillion from the federal budget. Since then, Musk has denounced Trump's tax-cut and spending ...