Senate Republicans proposed significant changes to Trump's tax-cut bill, causing friction with House colleagues. The revised plan aims to make certain tax breaks permanent but faces opposition on spending cuts and Medicaid reforms.
As Congress debates President Trump's ambitious legislation, the Congressional Budget Office faces scrutiny for projecting a $2.4 trillion increase in federal deficits, igniting fierce political battles.
In a surprising turn, Elon Musk publicly criticizes President Trump's flagship legislation, calling it a 'massive spending bill' that threatens fiscal responsibility. His comments signal a significant shift in their political partnership.
The US has experienced a credit rating downgrade from Moody's, highlighting growing concerns over the federal deficit and the impact of proposed tax cuts. As lawmakers clash over budget bills, experts warn of potential economic repercussions.
The emerging GOP tax proposal could add over $2.5 trillion to the federal deficit, igniting fierce debate among lawmakers. Critics warn it risks an economic calamity by favoring tax cuts for the wealthy while slashing essential programs.
In a significant shift, Senate Republicans are pushing to lock in Trump tax cuts indefinitely, bypassing Democrats and risking a major change in Senate procedures. With the tax cuts set to expire soon, the move could have lasting implications for American taxpayers and the political landscape.
President Trump's proposed House budget blueprint has sparked controversy with its focus on tax cuts, spending reductions, and potential cuts to social welfare programs like Medicaid and SNAP. Learn more about the key highlights and debates surrounding this budget plan.
