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White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.
A provision in President Donald Trump’s massive tax-cut bill that would shield Trump from some court orders is drawing Democratic opposition as it heads for the Senate. But a leading Republican says the court restriction is necessary to keep judges from abusing their authority.
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WASHINGTON − Sen. Ron Johnson, R-Wisconsin, slammed a sweeping bill backed by President Donald Trump that poses major consequences for taxes, Medicaid, food stamps and more – and warned there are enough GOP senators ready to block it.
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Soy Nómada on MSNTrump's tax bill: Temporary relief for seniors, not a full reprieve on Social Security taxesIn a recent legislative move, President Donald Trump's administration has introduced a tax bill that offers a temporary deduction for seniors, falling short of his promise to abolish taxes on Social Security benefits.
The top House Republican was making a low-key — but high-stakes — visit to the House Budget Committee before the panel’s second meeting on President Donald Trump's "big, beautiful bill." The first meeting on May 16 had blown up without resolution when four fiscal hawks balked at the legislation and voted against advancing it to the full House.
House Republicans have taken a major step forward on President Donald Trump’s agenda. The House early Thursday passed a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.
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Due on MSNTrump Tax Bill Spurs Economic Debate and ChangeA new tax law approved by Congress promises sweeping benefits for many taxpayers. The bill, tied to political leadership, aims to preserve current tax brackets and introduce several deductions that could ease the burden for many families.
Rep. Ashley Hinson defended President Donald Trump's 'big, beautiful bill' as crowds booed the president's agenda at her town halls.
More: Treasury bond yields are surging as the Trump tax bill progresses. Here's why it matters. Some fiscal conservatives in the Senate say they can't sign off on legislation that would add to the ...