Republicans, bill and House
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Trump is trying to push his 'big beautiful tax and spending bill through Congress. Here's who would benefit the most – and who could get hurt.
Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, beautiful, bill."
1don MSN
House Republicans are proposing to gut energy savings and clean energy tax credits in President Donald Trump’s “big, beautiful” tax bill — money that is creating thousands of jobs in GOP states.
The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.
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Tax cuts favored by President Trump are amplifying debt and deficit concerns and pushing 30-year Treasury yields to their highest level since October 2023.
The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment gains, a move proponents say reins in "woke" schools but that critics say will wind up hurting the poorest students the most.
Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President Donald Trump’s sprawling, multi-trillion-dollar tax and spending package.