Trump, Tax Cut
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Rep. Derrick Van Orden (R-Wis.) said Democrats are "lying" about the sweeping GOP plan to cut $1 trillion from federal health and food programs.
California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and local taxes, or SALT. The deduction, now capped at $10,000, would rise to $40,000 for those with taxable incomes of less than $500,000.
House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package, with Speaker Mike Johnson unifying his ranks to muscle President Donald Trump's priority bill to approval Thursday.
3don MSN
House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package. Speaker Mike Johnson defied the skeptics within his ranks and muscled President Donald Trump’s priority bill to approval Thursday.
Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching $1 trillion a year – on par with proposed Defense spending.
Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam.
Former USDA Secretary and Iowa Gov. Tom Vilsack keynoted the Dallas County Democrats' annual Spring Dinner on May 22.
The biggest hurdle in the Senate for Trump’s tax and immigration bill could come — like it did in the House — from deficit hawks who demand more cuts.