News

How California’s wealthiest people benefit most from the Republicans’ tax cut
California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...
GOP Budget Faces a Nervous Bond Market Worried About Tax Cuts, Increased Debt
Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching ...
Tom Vilsack urges Iowa Democrats to 'connect the dots' on SNAP cuts in Trump tax cut bill
Former USDA Secretary and Iowa Gov. Tom Vilsack keynoted the Dallas County Democrats' annual Spring Dinner on May 22.
The 10 richest Americans got $365 billion richer in the past year. Now they’re on the verge of a huge tax cut
Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new ...
Institute on Taxation and Economic Policy2d
Analysis of Tax Provisions in the House Reconciliation Bill: National and State Level Estimates
The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the ...
Republicans harness tax code to punish Trump’s political nemeses
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
The SALT deduction: Republicans’ tax break for wealthy blue-staters
The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...
GOP bill cuts social spending—but popular tax break for hedge funds survives
The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private ...