Trump, tax and The One Big Beautiful
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Money Talks News on MSNThe 2026 Tax Cuts: How Much Could You Really Save?According to the Tax Policy Center, the average household is expected to save approximately $2,900 under the new law in 2026. But as with most tax policy, the averages don’t tell the whole story.
A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or permanent as some headlines suggest. Tucked inside the “One Big Beautiful Bill,” signed into law by President Donald Trump on July 4,
President Donald Trump’s sweeping tax and spending law, known as the “One Big Beautiful Bill Act,” will make permanent large tax cuts from the president’s first term. And it makes good on a campaign
President Donald Trump's tax-cut package cleared its final hurdle in the U.S. Congress on Thursday, as the Republican-controlled House of Representatives narrowly approved the massive bill and sent it to him to sign into law.
Lisa Murkowski of Alaska said it was “agonizing” to vote for the tax cut bill President Trump signed on July 4. As details of the legislation come into focus, it’s obvious why it might cause heartburn even for Republicans who passed it,
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Today in Ohio podcast reveals how new vehicle-related fees are actually tax increases that disproportionately burden average Ohioans while wealthy residents enjoy significant income tax reductions
Nonpartisan analysts say the wealthiest Americans would see the biggest benefits from the bill, while lower-income people would effectively see their incomes drop.
Income tax cuts were approved in state capitals across the country in April. Depending on the outcome of upcoming negotiations in SC, more could soon be on the way.
The tax cuts President Trump just signed into law follow the pattern that Iowa has used to prosper, writes Congressman Zach Nunn.
In states without policies to drive renewable energy, power prices could surge as federal tax incentives for clean energy disappear, according to Energy Innovation, a think tank.