Tax Cut, bill
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The provision would bar courts from enforcing contempt citations for violations of injunctions or temporary restraining orders unless a bond has been paid.
A lot of the coverage for why the bond market doesn’t like the “big, beautiful bill” focuses on the fact that its policy changes will increase government debt by slashing taxes without raising anywhere near an equal amount of revenue elsewhere.
Hundreds of billions of dollars in spending on red-state projects are jeopardized by Trump’s sweeping tax bill, which will face intense lobbying in the Senate.
Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.
The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in part by slashing health, nutrition, education and clean energy programs.
House Republicans were jubilant after muscling through President Trump’s tax and immigration package by a single vote. But across the Capitol, senators were more cautious.
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The text of the Big, Beautiful Bill states that the federal government will "propose for each year the following registration fee" of $250 for a covered electric vehicle and $100 for a covered hybrid vehicle.
The measure, passed by the House, would roll back incentives for people to buy electric vehicles and for automakers to make them in the U.S.
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The Texas Tribune on MSNFood aid cuts and other changes: What the U.S. House spending bill could mean for TexansMany low-income families would see cuts in health care and food benefits. The state hopes for a big reimbursement for border security spending.
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The House budget bill that narrowly passed in an early morning vote on Thursday would effectively put the brakes on a clean energy production boom in the United States spurred by tax credits enacted in 2022.