News

Trump tax bill averts one debt crisis but makes future financial woes worse
President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S ...
At July 4 celebration, Trump signs tax and spending cut bill
The legislation extends Trump’s 2017 multitrillion-dollar tax cuts and cuts Medicaid and food stamps by $1.2 trillion. It ...
Trump signs sweeping tax cuts in spending bill into law
ABC News’ Senior Political Correspondent Rachel Scott reports on the impacts of the GOP’s “big, beautiful bill.” ...
Tax breaks and spending cuts: Here are the winners and losers in Trump’s big bill
The GOP megabill has new tax breaks aimed at low- and moderate-income households, and spending cuts that could make it harder ...
Musk forms new party after split with Trump over tax and spending bill
Musk said he's carrying out his threat to form a new political party after a falling out with Trump over the president's ...
President Donald Trump's Flagship Tax and Spending Bill Is One, Big, Broken Promise for Social Security Retirees
Trump's exclusion of an oft-touted Social Security proposal will be highly unpopular but is absolutely necessary.
Student loans, gun silencers and a space shuttle: See surprises found in Senate tax bill
From gun silencers to the child tax credit, there are several secluded provisions lurking in the Senate's version of sweeping ...
The GOP’s $4.5 trillion spending bill creates a parallel, harsher tax system for immigrants and their relatives
The bill just passed by the Senate excludes immigrants and their citizen relatives from certain tax credits while ...