The bill reduces health insurance for many low-income Americans, increases the budget deficit, and cuts government support for clean-energy projects.
2 minute read
The new tax law keeps exemptions for the alternative minimum tax, but the increase in deductions for state and local taxes could result in more taxpayers getting hit with the AMT.
Long Read
The Republican megabill combined with new federal rules tightening eligibility will affect most people who use plans created by the Affordable Care Act.
Long Read
The bill extends the 2017 tax cuts originally passed during Trump’s first term, among other provisions. The president plans to sign it soon.
Long Read
The latest version of the proposed savings accounts are more flexible, but come with reduced tax benefits.
4 minute read
The pound fell Wednesday after Prime Minister Keir Starmer appeared not to back Chancellor of the Exchequer Rachel Reeves.
2 minute read
Tax megabill set for final vote, Tesla sees worst-ever drop in quarterly deliveries, summer box office sizzles, and more news to start your day.
Long Read
The House passed its own version of the megabill, but the Senate made a number of changes that might be difficult for some lawmakers to swallow.
4 minute read
Last-minute changes to the Republican megabill could benefit big solar and wind developers like Next Era.
Long Read
It’s big but is it beautiful? President Trump’s tax bill faces next test in the House of Representatives.
4 minute read
President says no trade deal with Japan, Fed’s Powell eyes June jobs report, House Republicans race to push megabill across the finish line, and more news to start your day.
Long Read
Trump’s signature tax-and-spend legislation was passed by the Senate on Tuesday without any crypto-specific elements despite a last-minute attempt to squeeze in tax changes that would have benefited crypto users.
1 minute read
Europe is in a good position to supply the U.S. with many products it currently gets from China.
3 minute read
The president suggested that government subsidies handed out to Musk's companies could be reviewed.
3 minute read
Shares of Sunrun, SolarEdge Technologies, Enphase Energy, and GE Vernova are gaining.
1 minute read
The world’s most powerful man, and the world’s richest, are at it again.
4 minute read
To win over holdouts, the final bill doubled the size of a fund meant to help rural hospitals hurt by Medicaid cuts and struck an excise tax on wind and solar projects.
4 minute read
Citi Global Chief Economist Nathan Sheets doesn’t expect the bill to do much to the deficit or for economic growth.
2 minute read
Trump and Musk reignite feud over tax bill, stocks end first half at records, Moderna flu vaccine achieves promising results, and more news to start your day.
Long Read
A procedural move allows the Senate to essentially pretend that extending existing tax cuts wouldn’t cost anything.
4 minute read
There are plenty of reasons for concern, but Sevens Report founder Tom Essaye sees positive factors at work.
4 minute read
The latest version also includes a surprise new tax on projects that use supplies from China, the world’s biggest source of renewable energy equipment.
3 minute read
The Senate is racing to advance President Donald Trump’s signature tax and spending legislation ahead of Republicans’ self-imposed July 4 deadline.
4 minute read
Hydrogen is one of the surprising winners in the latest version of the big Republican tax bill.
1 minute read
Senate debates spending megabill as deadline looms, U.S.-Canada trade talks restart after tech tax scrapped, and more news to start your day.
Long Read