Donald Trump, bill and Tax Cut
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The bill attempts to combine several priorities in Trump's legislative agenda with a clear emphasis on tax cuts.
The White House’s claim that the GOP tax bill would save $1.6 trillion only takes into account the bill’s spending cuts — and ignores something else.
More than an estimated 8 million recipients could lose Medicaid coverage, according to a CBO analysis requested by House Democrats. Republicans say they're targeting able-bodied adults and undocumented immigrants, but other beneficiaries could also be impacted.
The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.
President Donald Trump on Tuesday argued that Republicans are “tremendously unified” despite party infighting over his sweeping budget and tax cuts bill.
The Republican tax and spending bill cleared an important hurdle Sunday night. As the legislation advances, here are the key provisions financial advisors should watch.
The approval on May 18 advances the measure toward possible passage in the House of Representatives later this week.
House GOP leaders worked through the weekend to win over a quartet of fiscal conservatives who voted last week to block Trump’s Big Beautiful Bill.
The White House Council of Economic Advisers has released new taxpayer savings projections for President Donald Trump's "big, beautiful bill."
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