Trump, tax and bill
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Since taking office, Mr. Trump has raced to enact his economic vision, aiming to pair generous tax cuts with sweeping deregulation that he says will expand America’s economy. He has fashioned his steep, worldwide tariffs as a political cudgel that will raise money, encourage more domestic manufacturing and improve U.S. trade relationships.
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
Worried about IRS wage garnishment? Here's what to know about your options before more of your paycheck disappears.
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in high-cost states.
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The budget bill approved by the House promises to benefit many food workers, but some details are still unclear.
Proposed IRC Sec 899 in the House-passed One Big Beautiful Bill Act, would impose escalating tax penalties on foreigners from countries with unfair taxes on U.S. persons.