News

GOP Congressman Falsely Claims Trump's Tax Bill Won't Cut Medicaid, Food Benefits
Rep. Derrick Van Orden (R-Wis.) said Democrats are "lying" about the sweeping GOP plan to cut $1 trillion from federal health ...
How California’s wealthiest people benefit most from the Republicans’ tax cut
California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...
Budget bill passes the House. What to know about Medicaid cuts and tax exemptions
The House votes in favor of "big beautiful bill." If bill passes Senate, some will see tax cuts and millions could lose ...
House passes sweeping tax cuts package
House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package, with Speaker Mike Johnson ...
House Republicans pass Trump’s big bill of tax breaks and program cuts after all-night session
House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package. Speaker Mike Johnson defied the ...
GOP Budget Faces a Nervous Bond Market Worried About Tax Cuts, Increased Debt
Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching ...
The 10 richest Americans got $365 billion richer in the past year. Now they’re on the verge of a huge tax cut
Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new ...
Institute on Taxation and Economic Policy2d
Analysis of Tax Provisions in the House Reconciliation Bill: National and State Level Estimates
The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the ...