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Trump's tax policy bill clears House. Next up
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President Trump’s top legislative priority was a victory for him and for Speaker Mike Johnson, who kept the president’s trust throughout tricky negotiations.
1hon MSN
President Trump’s “big beautiful bill,” featuring tax cuts and increased spending, has rattled bond markets due to fears it will sharply increase U.S. national debt. Wall Street analysts are now questioning America’s status as a financial safe haven.
House Republicans have taken a major step forward on President Donald Trump’s agenda. The House early Thursday passed a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.
Extending the 2017 tax cuts alone could save the typical household $2,900, but the legislation also affects overtime, tips and health care.
The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment gains, a move proponents say reins in "woke" schools but that critics say will wind up hurting the poorest students the most.
From an increase in the child tax credit to a repeal of student loan forgiveness, here's how Trump's "big beautiful bill" could affect you.
WASHINGTON (AP) — The multitrillion-dollar tax breaks package passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago while supporting increased mining, drilling and other traditional energy production.
If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New York, New Jersey, Pennsylvania, Maryland, Oregon and California.
The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,
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