In a dramatic turn of events, Elon Musk has publicly criticized Donald Trump's tax legislation, leading to a fierce exchange between the two billionaires. Musk's call for fiscal responsibility clashes with Trump's policies, revealing a personal rift that could reshape their political influence.
The CBO has revised its estimate for the national debt impact of Trump's tax cut bill, now predicting an addition of $2.4 trillion. This comes after Elon Musk criticized the legislation, stirring debate among Republicans as they prepare for Senate action.
Stock futures remain flat as Wall Street grapples with a significant sell-off driven by fears of a growing budget deficit. Key negotiations over tax and spending could further impact the market, while Treasury yields continue to rise.
House Republicans are at odds over increasing the SALT deduction cap, potentially benefiting millions of taxpayers. Will a compromise be reached to raise it to $40,000? Discover the implications for high-income households and the ongoing political battle.
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?
In a surprising move, President Trump has instructed congressional Republicans to consider raising taxes on the wealthiest Americans, challenging his party's consensus on tax cuts and fiscal policy.
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.
