President Donald Trump's recent tax bill, a massive 900-page document, has left a trail of winners and losers. While the bill includes tax cuts for the wealthy and increased funding for immigration enforcement, it also contains some surprising perks for specific industries. Private jet owners, for example, can now deduct the full cost of their aircraft in the first y...
A recent law signed by President Trump has sparked concerns among health and environmental experts. The bill, which focuses on tax breaks and spending cuts, includes significant changes to Medicaid and environmental policies. First, let's talk about Medicaid. The new law imposes work requirements for many adults aged 19 to 64. This means they must work at least 80 h...
The recent budget bill's approval has ignited a firestorm of criticism from Democrats. They argue that this bill favors the wealthy while neglecting the needs of ordinary Americans. The bill's passage, with minimal Republican dissent, has been called "not normal" by some. The bill's impact on healthcare and social services has drawn significant attention. Critics po...
The Senate is working through the weekend. Republicans are trying to pass a big tax and spending bill by July 4th. This is President Trump's plan. The bill is huge, with 940 pages. It includes tax cuts and spending reductions. But not everyone in the GOP agrees with the cuts, especially to Medicaid and food stamps. The bill was released late Friday night. Senators w...
The federal government is in a tough spot. The national debt is climbing, and the recent tax and spending cuts passed by the House could add over $5 trillion to it in the next decade. The White House is betting on economic growth to shrink these deficits, but not everyone is convinced. The Committee for a Responsible Financial Budget, a group that keeps an eye on the...
Imagine this: Ohio lawmakers might give big-league sports teams like the Bengals and Browns a big tax break next year. This could cost taxpayers millions. Two House members, one from Cleveland and one from Xenia, want to stop lame-duck sessions, where quick decisions are made right before lawmakers go home. They say it's not fair to rush bills through. But a bill pas...
The new chairman of the Senate Finance Committee, a Democrat from Oregon named Ron Wyden, had something to say about the Republican plans. He believes that their idea to cut Medicaid and federal food assistance to pay for tax breaks for the rich is exactly what we can expect from the new Republican leaders, including President-elect Donald Trump. Trump promised to be...
As lawmakers debate the impending expiration of tax breaks after 2025, the stakes are high for millions of families and small businesses. Enacted by former President Donald Trump in 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping tax changes, including temporary provisions that will automatically expire without Congressional action. So, what's at stake, and w...