WASHINGTON — President Donald Trump is facing political headwinds for his “big, beautiful bill” as Republican leaders hope to begin votes on it in the Senate this week. Specifically, five new surveys indicate that the GOP is losing the battle of public opinion on a major piece of legislation they’re aiming to pass by July … Read more
As Senate Republicans release key details of President Donald Trump’s spending package, some provisions, including the federal deduction for state and local taxes, known as SALT, remain in limbo. Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s currently a $10,000 limit on the SALT deduction through 2025. Before 2018, the … Read more
House reconciliation legislation, also known as the One, Big, Beautiful Bill, includes changes aimed at helping to boost family’s finances. Those proposals — including $1,000 investment “Trump Accounts” for newborns and an enhanced maximum $2,500 child tax credit — would help support eligible parents. Proposed tax cuts in the bill may also provide up to … Read more