Trump Tax Bill Would Widen Deficits by $2.8T
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The big tax-and-spending bill in Congress would introduce certainty when it comes to death and taxes.
A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers.
Tax credits for crucial clean energy and home energy efficiency projects would be phased out, albeit less quickly.
Republican leaders are aiming for quick negotiations over needed changes to the newly unveiled Senate tax bill which lacks the votes to secure majorities in both chambers as written.
Nixing federal income taxes on overtime and tipped income was one of the president's top policy promises during his 2024 election campaign.
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A poll found 64% of Americans have an unfavorable view of Trump's proposed tax bill that passed the House in May and is being revised in the Senate
William Ford Jr., the current executive chairman of Ford Motor Company and great-grandson of Henry Ford, says President Trump’s threat of tariffs is weighing heavily on the company. He spoke with NBC News’ Tom Costello about impact of tariffs and the first Ford ever made,
Shorter tax credit deadlines proposed in Trump's tax bill would derail swathes of green hydrogen projects and severely curb hydrogen investment in the United States, industry experts warn.
Republicans want to let businesses use a little-known tax credit to pay insurance companies to cover their workers’ leave.