House of Representatives, Senate and Tax Reform
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Explícame on MSNTrump Bill will increase deficit by $3.8 trillion, President defends its high pricePresident Donald Trump is pushing a comprehensive fiscal and policy bill through Congress, aiming to extend existing income tax cuts and introduce new ones. Despite concerns over a projected $3.8 trillion deficit increase,
A bill that would give the small town of Scotland, Connecticut one zip code is making its way through Congress. The town has a population of less that 1,600 people, but it has six zip codes, and town officials said it leads to misplaced packages,
On May 22, 2025, the U.S. House of Representatives approved H.R. 1, also known as the “One Big Beautiful Bill Act” (the House Bill).1 The House
The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the richest fifth of Americans would receive two-thirds of the tax cuts. The richest 5 percent alone would receive a little less than half of the net tax cuts that year.
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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.
Legislation that would "kill renewable energy in Texas" failed to progress in the state's House of Representatives.
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With less than a week left in the 89th legislative session, state lawmakers in both the House and Senate are up against deadlines and racing the clock. The Texas House of Representatives rushed on Tuesday to take up,
If passed, a bill from the House of Representatives would sharply curtail the tax credits that have spurred a rise in clean energy investments.