News

Republicans split on US credit downgrade as party's tax bill lingers
Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some ...
How much would Americans of different income save in taxes if the GOP bill is signed into law?
The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, ...
G.O.P. Tax Bill May Hurt the Lowest Earners and Help the Richest
Even though most Americans may see lower taxes, Republicans’ spending cuts could outweigh those benefits and leave some worse ...
How the GOP Tax Bill Still Leaves Blue States Picking Up the Check
At the same time, their moderate counterparts desire greater tax relief for those states with higher state and local tax ...
Costly Loss for Sports Team Owners Embedded in Trump Tax Bill
The tax break came under fire after a 2021 ProPublica investigation based on leaked returns showed the shelter helped ...
House GOP plan to raise child tax credit adds citizenship provisions
The bill would boost the tax break to as much as $2,500 but end it for children of undocumented immigrants and married ...
Five ways the GOP tax bill could affect Michigan, including $1B state budget hit
Some Republicans in Lansing acknowledge the state can't absorb a major reduction in federally-funded programs.
New York Republican Floats Higher Tax Rate to Pay for SALT
A key House Republican who is pushing for a higher cap for state and local tax deductions sought to revive the idea of ...