Trump, tax and bill
Digest more
New illegal border crossings into the US have plummeted to the lowest in decades, but so far, Trump has deported people at a lower rate than his predecessor Joe Biden. The biggest question hanging over migrant money flows is whether he is able to implement the mass deportations he promised.
House Republicans approved President Donald Trump’s sprawling tax and immigration agenda Thursday morning, sending to the Senate legislation that the GOP hopes will transform the federal government and the economy and power the White House’s drive to deport immigrants and build up the military.
1don MSN
Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,” said the fourth-highest-ranking House Democrat.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
WASHINGTON (AP) — With President Donald Trump's multitrillion-dollar tax breaks package at risk of stalling, House Speaker Mike Johnson and conservative Republican holdouts are heading Wednesday to the White House for the last-ditch talks to salvage the "big, beautiful bill."
It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap, increasing the state and local tax deduction from $10,000 to $40,000.
Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose hundreds of billions of dollars in revenue because of the Trump administration’s staffing cuts to the tax agency,
President Trump is betting a controversial tax package will win over voters who are skeptical of tariffs, which threaten to raise consumer prices. The bill contains versions of his campaign-trail pledge to eliminate taxes on tips,