Winners and losers of Republican tax bill so far
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Thursday morning's vote is already at the center of ads in swing districts, as Democrats and Republicans battle for control of the House in the midterm elections.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,
Republicans in the U.S. Congress are advancing a sweeping budget package that would fulfill President Donald Trump's calls to cut taxes and reduce spending, though details still need to be resolved.
A plan for a hefty new tax on university endowments was crafted to target “woke” schools, lawmakers said. But a small Kansas college and a Texas medical school might also be hit.
For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction,
The House of Representatives passed a massive piece of legislation advancing President Donald Trump's agenda early on Thursday morning.
The "big, beautiful bill" passed by House Republicans includes hundreds of billions in cuts to SNAP, more stringent work requirements and more costs to states.
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