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GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says
The Republican tax bill approved by the House would cost the poorest Americans roughly $1,600 a year while increasing the ...
Tax Breaks for 529 College-Savings Plans Expand in GOP Tax Bill
College-savings accounts currently hold about $500 billion, and savers may soon be able to use these funds for much more than ...
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The GOP's massive bill would benefit the rich the most -- while hitting the poor
The top 10% of earners in the U.S. would see the biggest gains under the GOP tax and spending package, according to ...
Bessent Sees Deficit Falling Over 10 Years After Tax-Cut Bill
Treasury Secretary Scott Bessent said that there are a number of different assessments of the deficit impact of Republicans’ ...
GOP can’t agree whether Trump’s bill would shrink, or grow, deficit
President Trump and Speaker Mike Johnson say their tax-and-spending bill will slash the deficit. A growing number of their ...
States would struggle to administer food stamp benefits under Republican tax bill
U.S. states will not be able to fully administer food stamp benefits for millions of the nation's poor if a proposal in the ...
Republicans plot changes to SALT cap in Senate version of tax bill
Republicans in the Senate are reportedly plotting changes to the cap on state and local tax deductions included in the ...
GOP Budget Bill Could Kill IRS Direct File Free Tax Prep Program
Direct File, the IRS’ free alternative to commercial tax-preparation services, is facing potential elimination as Congress ...