Trump, Senate and Tax cut
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The Senate Committee on Finance argues that its proposal of changes to the bill "prevents the largest tax hike in history."
The proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.
Senate Finance Committee unveils its proposed changes to the House-passed version of Trump's "big, beautiful bill," which could put the two chambers on collision course.
Top Senate Republicans are running into some resistance from several key senators about the details of President Donald Trump’s “big beautiful bill,” potentially complicating plans to deliver that package by their own July 4 deadline.
Big, Beautiful Bill timeline in jeopardy as Senate vote delays to June 22, leaving a tight window for House approval before the Treasury's early July debt ceiling deadline
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The bill — a generational transformation of Vermont’s education system — still requires a majority vote in the House.
U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside of the United States.
The U.S. Senate tax committee proposed a full phase-out of solar and wind energy tax credits by 2028, but extended the incentive to 2036 for Trump administration-favored hydropower, nuclear and geothermal energy,