News

Trump-backed tax bill would expand child tax credit, establish ‘MAGA accounts’ for kids
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald ...
Charter school leader pushes for $5 billion tax break in Trump megabill: ‘Fix this oversight’
Eva Moskowitz, CEO of New York City’s largest charter network, will urge Congress to seize a “once-in-a-generation” chance to ...
Trump's 'big beautiful bill' would officially kill the IRS's free direct-tax filing tool
Republicans have wanted to end IRS Direct File for years, calling it wasteful and an example of government overreach.
House Republicans look to help Trump strip tax-exempt status of nonprofits he says support terrorism
A proposal by Republicans in Congress would allow President Donald Trump's administration to remove the tax-exempt status of ...
GOP, Dems to square off over Trump's sweeping tax plan in high-stakes meeting today
La., has said he wants House Republicans to pass their version of Trump's bill by Memorial Day or "shortly thereafter," as he ...
Trump’s tax hike on millionaires is back on the table—but experts say it won’t make a dent in the ultra-rich
The richest sliver of Americans now own a record share of the wealth, and tweaking income taxes is unlikely to change that.
House GOP reveals Trump’s tax breaks for tips, overtime and car loans, but costs run high
House Republicans have revealed the sweeping tax provisions for President Donald Trump’s big bill. It tallies at $4.9 ...
GOP to claw back Biden’s climate law to fund Trump tax cuts
The bill, which is almost certain to be changed by the Senate if it passes the House, would repeal auto pollution and fuel ...