The GOP’s spending bill would permanently raise that maximum credit to $2,200 starting in 2025 and tie the amount to inflation going forward. There is no end date to the increase.

McCarthy Passing a bill this big with a majority so small in the House is a feat of extraordinary political acumen, like it or not. Trump returned to office with sky-high policy goals, and he’s ...

According to Farm CPA Paul Neiffer, a provision in the bill will pay the greater of ARC or PLC for the 2025 crop. “Therefore, any anticipate increase in PLC payments would likely be the minimum ...

President Donald Trump has promised that the “big, beautiful bill” passed by the Senate and being considered by the House of Representatives will be one of the most successful pieces of ...

President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even ...

The One Big Beautiful Bill Act creates a deduction of up to $25,000 for qualified tips received by tipped workers like restaurant servers, barbers and drivers. It also provides an above-the-line ...

President Donald Trump's 'One, Big Beautiful Bill' is a sprawling megabill that includes a projected $4 trillion in tax cuts at the expense of many government program, such as Medicare, Medicaid ...

Signing the One Big Beautiful Bill Act into law at a White House ceremony on Independence Day may go down as the signature legislative achievement of President Donald Trump’s second term – and ...

Will Trump's big tax bill help or hurt you? Why it could depend on your income A new analysis found that higher earners stand to benefit most from the Senate's tax bill in the short run, but ...

The 'big, beautiful bill' divides America with 64% opposing it, as Republicans promise prosperity while Democrats warn of cuts amid a deepening crisis of trust in government.

President Donald Trump on Friday signed into law new regulations for a type of cryptocurrency, a major milestone for an industry that has spent heavily to strengthen its legitimacy and political ...

The bill rolls back many of the clean energy tax incentives and investments created by the 2022 Inflation Reduction Act, throwing a major roadblock in the way of combating climate change. Since ...