Health advocates are sounding a significant alarm regarding the proposed “Big Beautiful Bill,” asserting that Kentucky faces an unprecedented and disproportionate risk if the sweeping legislative measure, featuring an ambitious $4.5 trillion in nationwide tax cuts, is enacted. This contentious budget bill has ignited a fervent debate across the nation, […]
Tag: tax reform
5 under-the-radar pieces of Trump’s “big, beautiful bill” that could impact your life
Amidst the political fervor surrounding former President Trump’s “big, beautiful bill,” a sprawling 940-page legislative text hastily assembled, critical provisions lie hidden beneath the surface, poised to significantly reshape the daily economic landscape for millions of Americans. Experts across the spectrum have voiced alarm over the unprecedented speed of its […]
Tax Cuts Now, Benefit Cuts Later: The Timeline in the Republican Megabill
The proposed Republican Megabill charts a highly strategic fiscal course, prioritizing immediate tax reductions for various sectors while shrewdly deferring significant, and potentially contentious, spending and benefit cuts until after the upcoming midterm elections. This legislative initiative, often dubbed the “One Big Beautiful Bill Act (2025),” represents a calculated move […]
House Republicans race to secure the votes for passage of Trump’s tax bill
House Republicans are currently engaged in a strenuous, high-stakes effort to secure the necessary votes for the passage of former President Donald Trump’s controversial tax bill, navigating a legislative landscape fraught with intense political debate and staunch opposition. This significant legislative push, a cornerstone of the Republican agenda, aims to […]
Republicans face unexpected obstacle in passing Trump tax bill: Weather delays
In an unforeseen twist that has captured the attention of Washington observers, Republicans in the United States Congress find themselves battling an unexpected and ironically non-political adversary in their quest to advance a cornerstone of their economic agenda: the proposed Trump tax bill. Rather than facing the usual legislative friction […]
From the archive: Reality: a charter for avoidance
Decades before his tenure as Governor of the Bank of England, Mervyn King, then a burgeoning economist, issued a clarion call for fundamental change in the British tax system. An archival piece from April 1979, titled “Reality: a charter for avoidance,” reveals King’s incisive critique of the prevailing fiscal framework, […]
White House summons House GOP holdouts threatening Trump megabill
The White House has convened a critical series of meetings with a diverse cohort of House Republicans, spanning the ideological spectrum from staunch conservatives to moderate members, in a concerted effort to galvanize support for President Donald Trump’s ambitious “big, beautiful bill.” This legislative package, a cornerstone of the administration’s […]
Trump’s Tax Bill Plans To Decimate Medicaid. For One Group, The Cuts Will Be Unspeakably Cruel.
Former President Donald Trump’s latest proposed tax bill is poised to unleash a contentious debate, primarily due to provisions threatening substantial Medicaid cuts that critics are denouncing as “unspeakably cruel.” This legislative initiative highlights an enduring tension in US politics between conservative fiscal objectives and the fundamental commitment to safeguarding […]
House Republicans race toward a final vote on Trump’s tax bill, daring critics to oppose
House Republicans are currently engaged in a determined legislative sprint, pushing aggressively toward a conclusive vote on former President Donald Trump’s landmark tax bill, a strategic move designed to capitalize on the hard-won momentum recently secured in the Senate. This accelerated effort underscores the Republican Party’s unwavering commitment to enacting […]
Trump’s big day: A feud, a Senate win and “Alligator Alcatraz”
Donald Trump recently experienced a tumultuous yet strategically advantageous day, marked by a blend of renewed feuds, significant legislative achievements, and controversial policy pronouncements. What his team heralded as one of his most successful days as president showcased his signature brash, norm-crushing style, yielding what they perceived as a series […]
Giant Trump tax bill faces make-or-break vote in Congress
Wednesday marks a watershed moment in the US Congress, as President Donald Trump’s comprehensive tax and spending reform bill faces a pivotal final vote, poised to either cement his economic legacy or deliver a significant political setback for the Republican Party. This landmark legislation, a cornerstone of the Donald Trump […]
Trump says the GOP mega bill will eliminate taxes on Social Security. It does not.
A recurring assertion from former President Donald Trump regarding the Republican Party’s comprehensive tax and spending cut legislation claims it will completely eliminate federal taxes on Social Security benefits; however, this significant promise is not substantiated by the actual provisions of the proposed bill. Throughout various public appearances and statements, […]
Trump’s ‘big, beautiful bill’ clears final hurdle before House-wide vote
Former President Donald Trump’s much-debated ‘big, beautiful bill’ has successfully navigated its final procedural obstacle, securing advancement from the House Rules Committee and paving the way for an imminent vote by the full House of Representatives. This pivotal legislative milestone marks a crucial juncture for the proposed package, primarily characterized […]
CARL LEUBSDORF: Trump’s bill is big but not beautiful
In a critical assessment of the landmark legislative effort, Carl Leubsdorf delves into President Donald Trump’s ambitious initiative, famously branded as “One Big Beautiful Bill,” dissecting its true impact beyond its undeniable scale. While no one disputes the sheer magnitude of this legislative endeavor—spanning hundreds of pages of significant tax […]
The Latest: Trump says Israel agrees to 60-day ceasefire in Gaza, urges Hamas to accept
In a significant legislative triumph for President Donald Trump, a sweeping bill encompassing substantial tax breaks and spending cuts successfully navigated a tumultuous path through the United States Senate, ultimately securing passage by the narrowest of margins after an intense overnight session. This hard-won victory marks a major milestone for […]
How Trump’s “big, beautiful bill” could impact Minnesota hospitals
President Donald Trump’s comprehensive tax and spending plan, often dubbed “a big, beautiful bill,” has successfully cleared a significant hurdle in the US Senate, bringing it ever closer to enactment. This pivotal legislative move is poised to cast a long shadow over the nation’s healthcare landscape, with particular concern rising […]
By a single vote, Trump’s megabill passes the Senate
In a dramatic legislative triumph for the Trump administration, the United States Senate narrowly approved President Donald Trump’s signature legislation, securing passage by a single, decisive tiebreaking vote. This pivotal moment on Capitol Hill underscores the razor-thin margins defining the current political landscape and represents a significant stride toward enacting […]
Downright shameful’: Duckworth, Durbin react to Senate passage of ‘big beautiful bill’
Illinois’s Democratic U.S. Senators, Tammy Duckworth and Dick Durbin, have unequivocally voiced their strong condemnation of the recent passage of a significant tax and spending bill by the US Senate, a legislative initiative heavily championed by President Donald Trump. Their reaction, described as “downright shameful,” encapsulates the profound partisan discord […]
Clean energy stocks jump after tax on solar and wind projects is removed from Trump’s big bill
Amidst the sweeping legislative initiatives emanating from President Donald Trump’s administration, significant proposed alterations to the federal State and Local Tax (SALT) deduction are at the forefront of policy debates, poised to impact taxpayers and the nation’s fiscal landscape. While initial reports might have focused on different aspects of a […]
Senate Republicans seek support for Trump’s big bill in overnight session
The United States Senate is currently engaged in an extraordinary overnight legislative session, a testament to the arduous battle Republican leaders face in consolidating support for President Donald Trump’s pivotal economic legislation. This marathon deliberation underscores the high stakes involved as the governing party strives to usher through a comprehensive […]
Senate vote-a-rama drags on into the night as Republicans race to pass Trump tax bill
The United States Senate is currently engulfed in a protracted and intense ‘vote-a-rama’ session, stretching deep into the night as Republican lawmakers are determined to usher through a significant tax bill initially championed by the Trump administration. This marathon legislative period underscores the high-stakes nature of fiscal policy debates within […]
The Latest: Senate votes on amendments to Trump’s big bill ahead of July 4 deadline
The United States Senate finds itself in a pivotal legislative sprint, urgently addressing a comprehensive bill initiated by former President Donald Trump. This significant piece of legislation, centered on substantial tax breaks and targeted spending cuts, is poised to reshape federal fiscal policy, with lawmakers facing a stringent July 4 […]
Senate heads to final vote on megabill
The United States Senate is currently engaged in the critical final stages of deliberating a significant Republican-backed “megabill” concerning tax and spending, with crucial amendment votes underway before its ultimate passage. This pivotal legislative push is characterized by an urgent, self-imposed deadline of July 4, aiming to deliver the comprehensive […]