Trump, tax cut and One Big Beautiful Bill
Digest more
NRSC Chair Sen. Tim Scott says polling on the GOP’s sweeping tax and spending bill is “just breaking even.” A new Semafor report reveals Scott is urging Republicans to focus on promoting popular provisions—like tax cuts—instead of the bill as a whole.
About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people. About half say it will do more harm than good for middle-class people and people like them.
Spokane man pulled $400K from his 401(k) for a house, aiming to be debt-free, but now he owes $140K to the IRS. Big lesson: Know the tax rules before tapping your 401(k).
Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ACCESS Newswire / July 16, 2025 / With the IRS expanding its data-matching capabilities through advanced systems like the Information Returns Processing (IRP) platform,
President Donald Trump’s sweeping tax and spending law, known as the “One Big Beautiful Bill Act,” will make permanent large tax cuts from the president’s first term. And it makes good on a campaign
The Medicaid cuts recently approved by Congress and President Donald Trump could force states into difficult decisions, health policy experts say. Part of several major changes to Medicaid, the bill caps how much states can tax health care providers,
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,
Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.