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The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.
Based on the latest legislative text, here are five key changes proposed in the Senate GOP tax bill. 1. More modest Child Tax Credit — and sharper Medicaid cuts.
The Senate passed President Trump's sweeping spending package, including work requirements for some Medicaid recipients.
Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate's tax and spending megabill that would change two of the most contentious parts of that bill and could give a small boost ...
The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.
All eyes are now on the House after the Senate narrowly passed a major tax cut and spending bill that is the centerpiece of ...
Here's more of what you need to know. Senate tax bill proposals. Like the House version of Trump’s One Big Beautiful Bill Act, the Senate’s proposed bill proposes several tax changes ...
Range reports that Trump’s “Big Beautiful Bill” offers significant tax changes for high earners, including increased estate ...