Finance News – U.S.
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Senate GOP tax bill gives break on car loan interest — but not all vehicles qualify
The proposed legislation aims to provide a financial benefit by allowing deductions on auto loan interest, although its applicability may be limited depending on the type or condit...
Read Full Article →Solar stocks plummet as Senate version of Trump's tax bill cuts renewable energy incentives
The potential elimination of renewable energy incentives by 2028 in the Senate’s tax proposal has led to a notable decline in the market value of companies involved in solar power.
Read Full Article →The pros and cons of a $1,000 baby bonus in 'Trump Accounts,' according to experts
The introduction of a government-funded $1,000 deposit into children's savings accounts within the House GOP's tax legislation could influence family financial planning and long-te...
Read Full Article →'Collateral damage': Fund managers lobby Congress over Section 899 to avert foreign investors leavin...
Fund managers are urging lawmakers to reconsider Section 899, citing concerns that recent tax legislation may discourage overseas investors from participating in the U.S. equity ma...
Read Full Article →Trump 'not interested' in call with Musk, White House official says
The disagreement between Elon Musk and President Trump over the tax legislation highlights potential divisions among influential figures regarding fiscal policy and its impact on e...
Read Full Article →Why Wall Street and Main Street should be rooting for Trump’s tax bill to fail
Preventing substantial reductions in social programs while lowering the national deficit could enhance investor confidence and demonstrate the United States’ commitment to fiscal r...
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 →'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 →What if baby bonds could solve the retirement crisis instead of being just an extra giveaway in the...
Providing individuals with initial financial assets early in life could potentially enhance long-term economic security and address retirement challenges more effectively than temp...
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 →Treasury yields stumble from highs as Trump ramps up trade war
U.S. Treasury yields declined slightly from recent peaks, reflecting market uncertainty about how escalating trade tensions and fiscal policy changes may influence economic growth...
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 →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 →Investors dump bonds globally as U.S. credit downgrade, Trump's tax bill ignite fiscal worries
The recent downgrade of U.S. credit and proposed tax legislation have heightened fiscal concerns, prompting widespread selling of debt securities across international markets.
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 →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 →Trump tax bill faces fresh hurdles, with holdouts invited to White House last-minute
House Speaker Mike Johnson aims to bridge differences between conservative and moderate Republicans to advance the tax legislation, which has important implications for government...
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 →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...
Read Full Article →Want to take advantage of the GOP bill’s tax breaks? Here’s how to know if you qualify.
The new legislation introduces several tax benefits that may impact individual financial situations, requiring taxpayers to carefully review eligibility criteria to determine poten...
Read Full Article →Under new GOP bill, multimillionaires could dodge the 39.6% tax rate floated by Trump
The proposed Republican legislation may allow extremely wealthy individuals to avoid the highest proposed tax bracket, potentially reducing expected government revenue from high-in...
Read Full Article →House GOP tax bill calls for ‘SALT’ deduction cap of $30,000 for most taxpayers. Here's who could be...
The revised tax legislation introduced by House Republicans increases the limit on state and local tax deductions to $30,000, potentially impacting the financial situations of nume...
Read Full Article →Multimillionaires might face higher taxes under Trump. Here are the money moves they could make now...
Wealthy individuals may encounter increased tax rates, prompting them to explore various financial strategies aimed at reducing their overall tax liabilities before any changes tak...
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