Finance News – Gop
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New Proposal Would Let You Use 529 Plan Savings for Homeschool Expenses
The proposed legislation aims to expand the allowable uses of tax-advantaged education savings accounts to include expenses related to homeschooling, potentially altering how famil...
Read Full Article →SEC allegedly sabotaged Democrats’ request on the eve of the Clarity Act hearings, while providing a...
The timing of the SEC's actions before the Clarity Act hearings raised concerns about potential impacts on regulatory transparency and investor confidence within the evolving digit...
Read Full Article →Sen. Ron Johnson rips into 'immoral' GOP spending bill: 'I can't accept it'
The recently approved budget bill, which has drawn strong opposition from some senators like Ron Johnson, carries significant fiscal implications that could impact government spend...
Read Full Article →Trump tax bill would add $2.4 trillion to deficits, Congressional Budget Office says
The proposed budget legislation is projected to increase the national debt by $2.4 trillion, raising concerns among some political leaders and economists about its long-term econom...
Read Full Article →Trump slams GOP Sen. Rand Paul for opposing 'big, beautiful bill' due to $5 trillion debt ceiling hi...
Trump's criticism of Senator Rand Paul highlights internal GOP tensions as leadership seeks support for legislation that would significantly increase the national debt limit and fu...
Read Full Article →'Fantasy math' masks tax bill's U.S. debt impact, GOP lawmaker said. What the deficit means for your...
The proposed legislation is projected to increase national debt substantially over ten years, which could influence interest rates on personal borrowing and affect returns in finan...
Read Full Article →House GOP passed trillions in tax cuts. How Trump's 'big bill' could change in the Senate
The proposed legislation aims to reduce taxes by trillions of dollars, with potential modifications expected as it moves through the Senate for further consideration.
Read Full Article →As Congress returns, here’s where the Senate could make changes to the GOP’s megabill
As lawmakers reconvene, the Senate’s potential modifications to the large legislative package could impact budget allocations and economic priorities, influencing the overall fisca...
Read Full Article →You could be repaying student loans for 30 years under GOP plan. It's 'indentured servitude': expert
Under the proposed House Republican legislation, federal student loan borrowers may face repayment periods extending as long as three decades, potentially impacting their long-term...
Read Full Article →New GOP Car Loan Tax Deduction: Which Vehicles and Buyers Qualify
House GOP legislators propose a tax deduction on auto loan interest aimed at benefiting certain vehicle purchasers, potentially impacting consumer finances and influencing car buyi...
Read Full Article →Are Clean Energy Tax Credits a Thing of the Past?
The recent legislative changes have raised concerns about the future availability of financial incentives designed to promote renewable energy adoption and environmentally friendly...
Read Full Article →Sen. Ron Johnson says there are 'enough' GOP senators to stall House budget bill
The opposition from a number of Republican senators highlights the challenges in securing approval for the comprehensive budget proposal, which could impact the allocation of feder...
Read Full Article →What historic Medicaid, SNAP cuts in House Republican bill would mean for coverage
The proposed changes in the House Republican tax legislation could reduce funding for Medicaid and SNAP programs, potentially decreasing access to essential healthcare and food ass...
Read Full Article →Workers are closer to getting tax breaks for overtime pay and tips. Do you qualify?
The proposed GOP tax legislation aims to reduce tax burdens on certain employee earnings, though individuals with higher compensation levels may not benefit from exemptions related...
Read Full Article →What’s in the GOP tax bill? An $815 tax cut for middle-class households — and $44,000 for millionair...
The proposed legislation would deliver substantially larger tax reductions to the wealthiest individuals while providing more modest relief to middle-income families, highlighting...
Read Full Article →Solar Stocks Tumble as GOP Tax Bill Takes 'Sledgehammer' to Green Subsidies
The recent legislative changes have reduced government incentives for renewable energy, leading to decreased investor confidence and notable declines in the market value of compani...
Read Full Article →Tax bill includes $1,000 baby bonus in 'Trump Accounts' — here's who is eligible
The recently proposed tax legislation introduces a new children’s savings fund, providing an initial federal contribution of $1,000 to support families in building financial resour...
Read Full Article →‘Pro-worker priorities’? Trump’s budget offers the exact opposite | Steven Greenhouse
The proposed budget plan prioritizes significant reductions in social welfare programs, resulting in substantial financial relief for affluent individuals while potentially increas...
Read Full Article →Food stamps face 'biggest cut in the program's history' under GOP tax bill
The proposed tax legislation includes substantial reductions to the Supplemental Nutrition Assistance Program, potentially decreasing the amount of financial help available to elig...
Read Full Article →Trump, GOP tweak SALT cap. Here’s what to know about the controversial tax break.
Adjustments to the limit on deductions for state and local taxes could influence taxpayers' liabilities and impact government revenue, highlighting a key element in ongoing budget...
Read Full Article →Why the GOP tax bill is a ‘missed opportunity’ to help families as child-care costs hit all-time hig...
The recent tax legislation includes provisions aimed at assisting families, yet many experts believe it falls short of adequately addressing the rising expenses associated with chi...
Read Full Article →Big GOP Tax Bill Could Change Your Estate Planning for 2025
Potential adjustments to estate and gift tax exemptions, along with modified AMT limits, could influence how individuals structure their asset transfers and overall financial strat...
Read Full Article →GOP Is Proposing Two Tax-Advantaged Savings Accounts—Including One With a $1,000 Bonus for Babies
The GOP's plan introduces two new savings options designed to encourage personal financial growth, one of which offers an initial $1,000 incentive specifically aimed at supporting...
Read Full Article →Trump warns House Republicans, 'Don’t f--- around with Medicaid'
House Republicans face potential financial challenges as disagreements over Medicaid, SALT deductions, and budget deficits may impact the timely passage of important tax legislatio...
Read Full Article →Trump’s $1.6 trillion spin: What the numbers really say about GOP tax bill
The estimated $1.6 trillion savings from the GOP tax legislation reflect selected budget reductions but overlook additional factors that could influence the overall financial impac...
Read Full Article →This popular healthcare savings strategy could get more lucrative under GOP tax bill
The proposed GOP tax legislation would raise the maximum amounts individuals can deposit into health-related savings accounts and allow these funds to be used for fitness expenses,...
Read Full Article →Trump’s big tax bill is in jeopardy. Here’s why some in GOP are getting cold feet.
Concerns about increasing the national deficit have caused hesitation among some Republican members, leading to the House Budget Committee's decision not to move forward with the p...
Read Full Article →How House GOP bill’s $4,000 senior 'bonus' compares to eliminating tax on Social Security benefits
The proposed legislation offers a $4,000 deduction for seniors, potentially affecting retirement incomes and altering the financial impact compared to removing taxes on Social Secu...
Read Full Article →The GOP Wants to Auto-Enroll Your Child in a MAGA Savings Account
If implemented, the proposed House GOP tax policy would automatically create a tax-favored savings account for children, potentially affecting family financial planning and governm...
Read Full Article →Trump’s tax bill is Republicans’ big, bloated, $4 trillion headache
The proposed $4 trillion tax plan has created considerable challenges for Republican lawmakers, who appear to focus more on political agendas than on fostering long-term economic d...
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