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tax

9 Results / Page 1 of 1

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The House gives final approval to Trump’s big tax bill and sends it to him to sign

House Republicans propelled President Donald Trump’s $4.5 trillion tax breaks and spending cuts bill to final congressional passage Thursday, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline. The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democrats opposed. GOP leaders worked overnight and the president himself leaned on a handful of skeptics to drop their opposition and send the bill to him to sign into law. […]

todayJuly 3, 2025

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House Republicans race toward a final vote on Trump’s tax bill, daring critics to oppose

Republican leaders in the House are sprinting toward a Wednesday vote on President Donald Trump’s tax and spending cuts package, determined to seize momentum from a hard-fought vote in the Senate while essentially daring members to defy their party’s leader and vote against it. “The American people gave us a clear mandate, and after four years of Democrat failure, we intend to deliver without delay,” the top four House GOP leaders said Tuesday after the bill passed the Senate 51-50, thanks to […]

todayJuly 2, 2025

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Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks 50-50 tie

Senate Republicans hauled President Donald Trump’s big tax breaks and spending cuts bill to passage Tuesday on the narrowest of margins, pushing past opposition from Democrats and their own GOP ranks after a turbulent overnight session. The outcome capped an unusually tense weekend of work at the Capitol, the president’s signature legislative priority teetering on the edge of approval or collapse. In the end that tally was 50-50, with Vice President JD Vance casting the tie-breaking vote. Three Republican senators — Thom Tillis of […]

todayJuly 1, 2025

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Musk calls Trump’s big tax break bill a ‘disgusting abomination,’ testing his influence over the GOP

Elon Musk blasted President Donald Trump’s“big, beautiful bill” of tax breaks and spending cuts as a “disgusting abomination” on Tuesday, testing the limits of his political influence as he targeted the centerpiece of Republicans’ legislative agenda. The broadside, which Musk issued on his social media platform X, came just days after the president gave him a celebratory Oval Office farewell that marked the end of his work for the administration, where he spearheaded the Department of Government Efficiency. “I’m sorry, but I just can’t stand […]

todayJune 4, 2025 3

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Trump pardons ‘white celebrities’ who committed tax and fraud crimes. Here’s why critics say that’s scary.

After issuing a series of high-profile pardons to individuals accused of committing tax and bank fraud, among other offenses, President Donald Trump is being accused of using the presidency to extend favors to friends and supporters, normalizing white-color crimes similar to those he himself has been convicted of or accused of committing. On Tuesday, President Trump pardoned reality TV stars Todd and Julie Chrisley, who were convicted in 2022 for financial fraud and tax evasion. Their daughter, Savannah Chrisley, was […]

todayMay 29, 2025 4

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House Republicans pass Trump’s big bill of tax breaks and program cuts after all-night session

House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package, with Speaker Mike Johnson defying the skeptics and unifying his ranks to muscle President Donald Trump’s priority bill to approval Thursday. With last-minute concessions and stark warnings from Trump, the Republican holdouts largely dropped their opposition to salvage the “One Big Beautiful Bill” that’s central to the GOP agenda. The House launched debate before midnight and by dawn the vote was called, 215-214, with Democrats staunchly opposed. It next goes to the Senate. “To put it […]

todayMay 22, 2025 1

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Trump and GOP tax bill puts billionaires over Black lives, experts warn

Though a Republican-led tax bill expanding President Donald Trump’s 2017 tax cuts, among other tax and spending provisions, was stalled in Congress on Friday, Black elected leaders, advocates, and tax experts are still sounding the alarm on the plan that they say largely benefits billionaires and threatens the livelihoods of Black Americans. Republicans in the U.S. House of Representatives will continue to work on the controversial reconciliation bill through the weekend. House Speaker Mike Johnson hopes to advance it to […]

todayMay 16, 2025 6

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Rep. Hakeem Jeffries slams Trump’s ‘Gulf of America’ proposal and ‘tax scam’ when ‘America is too expensive’

House Minority Leader Rep. Hakeem Jeffries, D-N.Y., slammed President-elect Donald Trump‘s proposal to annex Greenland and Canada and rename the Gulf of Mexico. “We are not sent to Washington to invade Greenland, rename the Gulf of Mexico or seize the Panama Canal by force,” said Jeffries during his weekly news conference on Capitol Hill. The House Democratic leader clarified that he and his congressional colleagues were instead elected to lower the high cost of living that American voters made clear […]

todayJanuary 9, 2025

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Chicago ‘mansion’ tax to fund homeless services faces legal limbo

CHICAGO (AP) — An unusual legal challenge may upend the future of a Chicago ballot measure that would hike a real estate tax on high-end property sales to fund services for homeless people. Such citywide ballot measures are rare in the nation’s third-largest city, but other cities, including Los Angeles, have approved similar so-called “mansion taxes.” A Cook County judge last month rejected the measure, but backers of the effort, called Bring Chicago Home, hope it will be overturned. Supporters of a […]

todayMarch 4, 2024