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House, Tax Cut and Republican

Washington Examiner on MSN · 43m

The winners and losers of Republican tax bill so far

After weeks of work, House Republicans passed their $4 trillion tax and spending bill Thursday morning. The centerpiece of the fiscal legislation, the One Big Beautiful Bill Act, is extending and making permanent a tranche of tax provisions from the 2017 Tax Cuts and Jobs Act that are set to expire at the end of

The Washington Post on MSN · 55m

Trump and Johnson notch big win with House passage of sweeping tax bill

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.

NBC News on MSN · 13h

House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who benefits.

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out over $500,000.

Tips Act, tax deduction

USA Today · 1d

When does the No Tax on Tips Act go into effect? Who qualifies in Washington?

The U.S. Senate unanimously passed the "No Tax on Tips Act," a bill that would create a tax deduction on tips worth up to $25,000. What happens next?

Washington Examiner on MSN · 1d

Trump’s No Tax on Tips Act: What to know and when it could take effect

The No Tax on Tips Act was passed in the Senate on Tuesday after being co-sponsored by Sen. Ted Cruz (R-TX), chairman of the Senate Commerce Committee, and Sen. Jacky Rosen (D-NV). The bipartisan bill was passed when Rosen brought the bill up for unanimous consent,

Marketplace · 1d

No tax on tips? Here's what that could mean.

The Senate unexpectedly passed the No Tax on Tips Act, one of President Trump’s many campaign promises. We’ll explain what’s actually in the bill and where it goes from here. Plus, the Trump administration has officially accepted a $400 million luxury jet from Qatar for use as Air Force One.

55mon MSN

US Debt Limit Nail-Biter Looms as Senate Ponders Trump Tax Bill

Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President ...

1hon MSN

In new attack, Trump spending bill would hike taxes on elite colleges

The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment ...

6hon MSN

GOP bill cuts social spending—but popular tax break for hedge funds survives

The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private ...

4hon MSN

CNBC Daily Open: U.S. Treasury yields might continue rising if Trump's tax bill becomes law

Further into the future, the bill will likely saddle America with a higher fiscal deficit, as tax cuts are coupled with ...

1hon MSN

US stock futures flat on debt worries as markets mull Trump's tax bill

U.S. stock index futures were muted on Friday as investors were risk-averse after President Donald Trump's tax and spending ...

13h

"This Is A Sad Day For America" — MAGA Supporters Have A LOT To Say About Trump's "Big, Beautiful" Tax Bill, And It's Not What I Was Expecting

Donald Trump's self-described "big, beautiful" tax bill has officially passed the House of Representatives and is now headed ...

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