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The Latest Breaking News from Tax Cuts

Senate Majority Leader Thune Evaluating Deep Spending Cuts Proposal

Senate Majority Leader John Thune discusses Senate Republicans' evaluation of House budget cuts and focus on permanent tax cuts.

Top News

Stocks Post Modest Gains Ahead of Nvidia's Earnings

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.22%. March E-mini S&P futures (ESH25 ) are up +0.09%, and March E-mini Nasdaq futures...

Barchart

Stocks Climb Ahead of Nvidia's Earnings Results

The S&P 500 Index ($SPX ) (SPY ) today is up +0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.51%. March E-mini S&P futures (ESH25 ) are up +0.29%, and March E-mini Nasdaq futures...

Barchart

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Trump’s agenda passed its first hurdle. Now comes the hard part

ANALYSIS: House Speaker Mike Johnson twists enough arms. But, Eric Garcia warns, the internal disputes between House and Senate Republicans remain

The Independent UK

Democrat Confronts Republican Promoting Budget Resolution as 'Defense of Blue Collar Workers': 'Read the Room'

House Republicans push their 2025 Trump-backed budget plan, proposing $4.5 trillion in tax cuts while slashing $2 trillion from federal aid programs, with heated clashes between Rep. Brian Jack and Rep. Jim McGovern as Democrats push back ahead of a crucial vote.

Latin Times

The House GOP Budget Blueprint Promises More Borrowing, More Debt, and Not Enough Spending Cuts

"If the Republican budget passes, the deficit gets worse, not better," says Rep. Thomas Massie. He's right.

Reason

Texas House unveils plan to cut property taxes, setting up fight with Senate

Lawmakers will debate how to spend $3.5 billion in proposed tax cuts, a legislative priority for Republican leaders.

The Texas Tribune

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New Iowa Income Tax Rate for 2025: What It Means for You

A new tax law lands Iowa among the top ten states with the lowest income tax rates.

Kiplinger

Senate adopts budget framework for border, defense package - Roll Call

Senate Republicans finally pushed through their blueprint for the first phase of President Donald Trump's legislative agenda early Friday.

Roll Call

Senate plows through overnight budget 'vote-a-rama' - Roll Call

The Senate churned through amendments in a marathon voting session Thursday night into early Friday on a GOP-drafted budget resolution.

Roll Call

Senate Republicans Push Forward With 0 Billion Budget Bill

Senate Republicans are moving forward with a 0 billion budget bill for border security and deportations amidst challenges from Trump's preferences and D...

Top News

House GOP group wants to pump brakes on big spending cuts - Roll Call

A group of House Republicans raised alarms about the minimum $1.5 trillion in spending cuts required by the chamber’s budget resolution.

Roll Call

Medicaid might pay for Trump's tax cuts

House Republicans want to pay for their tax cuts by cutting social services used by the working class

Salon

House Budget Committee Passes GOP Budget Blueprint

House Budget Committee passes budget aligning with Trump's agenda, focusing on tax cuts and program cuts.

Top News

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Roll Call

GOP budget framework gets over initial hurdle in House - Roll Call

The House Budget Committee approved a fiscal framework that inches Republicans closer to their prized “big, beautiful” reconciliation bill.

Top News

Republican Lawmakers Push To Repeal Federal Inheritance Tax

Republican lawmakers push to repeal the federal inheritance tax, citing impact on family businesses. Efforts align with extending Trump's tax cuts. Bill ai...

Roll Call

House budget blueprint ready for close-up amid GOP 'angst' - Roll Call

Lawmakers made clear that the resolution will likely undergo rewrites at the Budget Committee as Republicans continue to seek consensus.

The Independent UK

Speaker tries to wrangle his Republican ‘free-range chickens’ in effort to land tax cuts for Trump 2.0 budget

ANALYSIS: Mike Johnson insists his budget plans are on schedule but he still faces a political pressure test, writes John Bowden

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The Texas Tribune

Texas Senate unanimously approves tax cuts for homeowners

The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000. The legislation must win approval from the House next.

Top News

House Republicans Work On Finalizing Tax And Spending Cut Package

House Republicans finalize a tax and spending cut package with over House Republicans Work On Finalizing Tax And Spending Cut Package trillion in cuts, aiming to make Trump's tax cuts permanent and prevent tip taxation.

Reason

Washington's Debt Delusion: Economic Growth Cannot Fix the Deficit

Republicans are betting trillions on the hope that the economy will grow fast enough to cover their deficit spree.

Reason

This Trump Appointee Could Bring Fiscal Sanity to the White House

"Personnel is policy" has shaped past administrations. Kevin Hassett, who has been tapped to lead the National Economic Council, will have a hand in tax reform, debt reduction, and more.

Kiplinger

Key Family Tax Breaks Are on the GOP Chopping Block This Year

Several tax breaks, including the Child Tax Credit, could face stricter eligibility limits as lawmakers seek revenue for Trump’s tax plans.

The Texas Tribune

Texas Republicans want more property tax cuts. Here’s how they may do it.

Gov. Greg Abbott said cutting taxes is a top priority, however, state lawmakers don’t have as much money to plug into tax cuts as they did two years ago.

Salon

GOP floats tax on worker benefits

Republicans are trying to find ways to pay for Trump's trillions of dollars in tax cuts

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