House Republicans Indicate Backing for Greater SALT Cap Than Senate Suggestion
Senate Republicans Propose Extension on SALT Cap On Monday, Senate Republicans unveiled part of President Trump’s “Big Beautiful Building,” advocating for a permanent extension of the $10,000 cap on state and local tax (SALT) deductions. This proposal is set to clash with a House version that suggests increasing the cap for households earning up to […]
Senate Moving Forward to Send ‘Large, Impressive Bill’ to Trump
Sen. Marsha Blackburn Discusses Senate Republican Plans Senator Marsha Blackburn (R-TN) expressed optimism during a roundtable discussion with the founders of Breitbart Fight Club on Monday, asserting that Senate Republicans are “on track” to deliver a “big and beautiful bill” to President Donald Trump by July 4th. Speaking alongside Breitbart News Editor-in-Chief Alex Marlowe and […]
Here’s what the Senate Republicans propose in Trump’s ‘big, beautiful bill’
On Monday, the Senate Finance Committee unveiled some of President Trump’s “significant and beautiful bills,” which cover topics like Medicaid, taxes, and green energy tax credits. This part of the bill was highly anticipated, featuring some contentious elements that Senate GOP holdouts had previously flagged. It seems to be shaping up as a point of […]
Senate Ready to Approve Stablecoin Legislation to Strengthen American Financial Leadership
Senate Approaches Legislation for Stablecoin Regulation The Senate is on the verge of passing a bill that provides a solid regulatory framework for stablecoin. Supporters, like Senator Bill Hagerty (R-TN), argue that this law will benefit American consumers and maintain the country’s “fiscal control.” Recently, the Senate held a vote to progress the US Stablecoins […]
Senate Republicans make a more significant move on Medicaid in Trump’s agenda bill.
Republican senators are making significant changes to Medicaid as part of legislation aimed at supporting President Trump’s domestic policies and extending tax cuts from his first term. A text shared by the Senate Finance Committee on Monday outlines new measures intended to enhance funding for providers by targeting two specific practices: state oversight payments and […]
Senate adopts a more adaptable stance on reducing the Republican green tax credits.
The Senate’s version of the Big, Beautiful Bill modifies the Green Energy Tax Credit, introducing more flexibility compared to the House’s proposal. However, it still represents a notable rollback. This adjustability might appeal to moderates in both chambers, as the House’s version was seen as overly restrictive. Yet, it could potentially create tension with the […]
Senate reduces extra Trump tax cuts in its version of major legislation
The Senate’s new Republican Tax and Expense Reduction Bill aims to make many key aspects of the 2017 tax cuts permanent, though it will scale back some of what the House had passed. A central version of President Trump’s “big, beautiful bill” was unveiled by the Senate Finance Committee on Monday. This Senate bill will […]
Senate Finance Committee addresses Medicaid reductions and SALT cap in Trump’s plan
Senate Finance Committee Announces Key Provisions for Trump’s Legislation A Senate committee, tasked with handling some controversial elements of President Donald Trump’s significant infrastructure plan, unveiled several components of the legislation on Monday. The Senate Finance Committee, which oversees tax policy and Medicaid among other topics, issued the text amid a rush to finalize the […]
Senate unveils plan for Trump’s taxes and Medicaid
On Monday, Senate Finance Committee Chairman Mike Crapo (R-Idaho) revealed the Senate’s long-anticipated tax reform proposal. This plan builds on President Trump’s 2017 corporate tax cuts and suggests significant reductions in Medicaid funding, alongside the elimination of renewable energy tax incentives established during President Biden’s administration. The legislative text, which can be found here, is […]
Economists Discover Greater Benefits from Expensing as Senate Considers Tax Proposal
Cost Reductions Drive Business Investments, New Study Suggests Recent findings from a study by the National Economic Research Bureau indicate that lowering the costs associated with business investments could significantly boost capital expenditures, more than analysts in government have typically believed. Essentially, it shows that even a small decrease, just one percentage point in capital […]