tax cut, One Big Beautiful Bill
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Texas avoided some steeper Medicaid cuts, but hundreds of thousands of Texans are still projected to lose health coverage due to the new law.
At this moment of deep political division, bold ideas to preserve American democracy are more important than ever. For once, the deficit hawks are right. The tax cuts for the wealthy in the Republican budget could cause the third economic meltdown this century. Unlike the Financial Crisis and the pandemic, we couldn’t spend our way out.
Starting next year, millions of Americans — from restaurant servers to retirees — could receive lower tax bills under President Trump's recently signed tax legislation. Why it matters: The sweeping law locks in Trump-era tax cuts and rolls out a fresh set of deductions,
The “big beautiful bill” that Donald Trump signed into law rolls back tax credits for things like electric cars and home EV chargers, rooftop solar panels, heat pumps and more.
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.
For some strange reason, Trump's "won't somebody think of the unattractive billionaires" claim wasn't exactly the rallying cry he might have expected.
Big changes are coming to Iowans’ taxes, health care, nutrition assistance, energy generation and student loans. Here's what it all means for Iowans.
When Michelle Lawrence heard about Medicaid cuts in the Republican tax and spending bill, it felt like “a punch to the gut.”