But overall, the Senate bill will make it too challenging to move forward ... brushed off criticism of the bill's aggressive phase out of renewable energy tax credit and its impact on grid stability and power prices, saying that ending these subsidies ...

SALT problems . In 2017, when Republicans passed income tax cuts during Trump's first term, they set a $10,000 cap on state and local tax deductions (SALT) that impact people from high-tax states ...

Senate tax bill proposals. ... One Big Beautiful Bill Act, the Senate GOP's proposed bill proposes several tax changes and policy shifts that could impact taxpayers for years to come.

U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s proposed version of the “big, beautiful” act challenging the House version of the bill on several key tax measures.

Here’s what to know about those two key provisions: Medicaid Cuts. To pay for the extension of the 2017 tax cuts, the One Big Beautiful Bill Act makes broad cuts to Medicaid, the health ...

Prominent gambling tax analyst Russ Fox highlights how the Senate version of the bill would codify harmful gambling tax laws.

Bottom Line Up Front: The House and Senate have developed significantly different approaches to extending the 2017 Tax Cuts and Jobs Act (TCJA), with the House version costing approximately $4 ...