In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
Senate Republicans have unveiled a controversial tax plan that slashes the child tax credit and state tax deductions, setting the stage for a showdown with the House. Key provisions aim to balance Trump's tax agenda with new spending promises.
A Republican effort to pass Trump's ambitious tax bill faces significant obstacles as hardline conservatives demand deeper Medicaid cuts. With a procedural vote looming, tensions rise within the GOP.
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 party-line vote, the House Ways and Means Committee has passed a sweeping tax plan that includes significant cuts and new taxes targeting the wealthy, sparking fierce debate among lawmakers. Will it survive the Senate?
House Republicans have unveiled a controversial plan to cut $880 billion from Medicaid to fund $4.5 trillion in tax breaks, igniting a fierce debate over health coverage for millions of Americans.
In a surprising turn of events, key GOP holdouts have stalled the crucial budget vote, demanding concessions on spending cuts. This internal strife raises questions about the future of Trump’s ambitious tax and immigration plans.
