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Tag: taxes

House passes Trump’s ‘Big Beautiful Bill’—historic tax cuts on the line

The House just passed what Trump is calling his “Big Beautiful Bill,” promising the largest tax cut in American history for working families.

Read More House passes Trump’s ‘Big Beautiful Bill’—historic tax cuts on the line
This picture taken on August 24, 2024 shows a bill, with cash for the tip, left on a restaurant table in Los Angeles. Donald Trump and Kamala Harris agree on very little, but the two presidential rivals have found common ground in calling for the elimination of taxes on tips -- a populist move that many criticize as economically irresponsible. Tipping culture in the United States is fundamentally different from most other countries, as customers are encouraged to tip generously on everything from take-out coffee to cocktails. A tip ranging between 15 and 20 percent of the price is considered normal at most restaurants. (Photo by Chris DELMAS / AFP) (Photo by CHRIS DELMAS/AFP via Getty Images)

Senate approves bill allowing $25K tax break for tipped workers in unanimous vote

The U.S. Senate unanimously passed a bill on Tuesday that would eliminate taxes on tips of up to $25,000. 

Read More Senate approves bill allowing $25K tax break for tipped workers in unanimous vote
Shipping containers are stacked high at the Port of Long Beach on March 4, 2025 in Long Beach, California, as US President Donald Trump's tariffs on Canada and Mexico take effect. US President Donald Trump could announce a compromise tariff arrangement with Canada and Mexico on March 5, his commerce secretary said in an interview, shortly after sweeping 25-percent levies went into effect.

Democrat-Led Senate Vote Falls Short In An Effort To Halt Trump’s Tariff Plan

An effort by Senate Democrats to overturn President Donald Trump’s sweeping tariff policy fell short on Wednesday.

Read More Democrat-Led Senate Vote Falls Short In An Effort To Halt Trump’s Tariff Plan
WASHINGTON, DC - FEBRUARY 5: Iowa Governor Kim Reynolds is sworn-in during a House Oversight and Accountability Committee hearing on "Rightsizing Federal Government," on Capitol Hill, on February 5, 2025 in Washington, DC. The hearing comes as the Trump administration embarks on an aggressive effort to shrink the federal workforce via a variety of ways, including the president's call for mass resignations. (Photo by Al Drago/Getty Images)

Iowa Gov. Kim Reynolds Confirms She Won’t Run For Another Term

Republican Governor Kim Reynolds of Iowa announced on Friday that she will not be running for a third term in 2026.

Read More Iowa Gov. Kim Reynolds Confirms She Won’t Run For Another Term
WASHINGTON, DC - APRIL 02: U.S. Speaker of the House Rep. Mike Johnson (R-LA) (L) speaks to after participating in a ceremonial swearing-in for Patronis (R-FL) and Randy Fine (R-FL) at the U.S. Capitol on April 02, 2025 in Washington, DC. The swearing-in comes after Johnson sent the House home until the following Monday after trying to block a vote on Rep. Anna Paulina Luna's (R-FL) proposal for proxy voting for new parents failed. (Photo by Kayla Bartkowski/Getty Images)

Speaker Johnson Pushes House To Pass Trump Endorsed Senate Budget Bill Despite GOP Criticism Over Lack Of Spending Cuts

House Speaker Mike Johnson is attempting to rally GOP lawmakers to affirm a budget bill passed by the Senate on Saturday morning, as at least three House Republicans threaten to defect.

Read More Speaker Johnson Pushes House To Pass Trump Endorsed Senate Budget Bill Despite GOP Criticism Over Lack Of Spending Cuts
The Ford Motor Company logo is seen July 20, 2008 at a dealership in Hudson, Wisconsin. AFP PHOTO/Karen BLEIER (Photo credit should read KAREN BLEIER/AFP via Getty Images)

Ford Slashes Prices As Volvo, Mercedes Consider Expanding U.S. Production Amid Trump’s Auto Tariffs

Ford announced on Thursday that it will offer widespread discounts on several vehicle models in an effort to keep car buyers engaged—just hours after President Donald Trump’s 25% tariff on auto imports took effect.

Read More Ford Slashes Prices As Volvo, Mercedes Consider Expanding U.S. Production Amid Trump’s Auto Tariffs

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