Senate scales back additional Trump tax cuts in its version of ‘big, beautiful bill’

Tax changes in the US Senate are a mixed bag

As is its right and duty, the U.S. Senate now has messed with the Trump administration’s “big, beautiful,” tax-and-spending bill that just squeaked through the House. Here’s our hot take on some of the Senate’s work in progress, as viewed…

"Big Beautiful Bill" Senate GOP Tax Plan: Details and Analysis

The Senate Finance Committee introduced its reconciliation taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. legislation on June 16, 2025, addressing the expirations of the 2017 Tax Cuts and Jobs Act (TCJA) and making […]

Senate tax bill less populist, more supply-side than House version

The Senate’s version of the One Big Beautiful Bill Act tax legislation is slightly less populist than the House bill and is more in tune with the GOP’s traditional supply-side orientation. The tax portion of the bill released by the…

VP Vance: ‘We’re in a Good Place’ With Budget Bill

Vice President JD Vance said Tuesday “we’re in a good place” on Congress approving the “One Big, Beautiful Bill Act” before the Fourth of July recess. The Senate is putting its stamp on the reconciliation budget bill that narrowly passed the House last month. It’s the signature legislation of President Donald Trump’ second term and includes making permanent his 2017 tax cuts, while boosting spending for immigration enforcement and border securit…

Senate Tax Bill Boosts Growth & Take-Home Pay with Permanent Trump Tax Cuts - Americans for Tax Reform

Following the House-passed One Big Beautiful Bill, Senate Finance Republicans led by Chairman Mike Crapo (R-Idaho) on Monday released their draft version of the tax provisions for inclusion in Republicans’ budget reconciliation bill. The Senate tax package delivers on President Trump’s campaign pledge to make the 2017 tax cuts permanent, providing across the board, pro-growth tax relief for American households and businesses. As President Trump’…

Trump considering little used 'pocket rescission' to overrun his own Congress: report

The New York Times reports the White House is looking to cancel billions of dollars in federal spending and claw back money to fund an extension to President Donald Trump’s 2017 tax cuts.Anonymous sources are describing this tactic as a “pocket rescission,” which the White House will invoke if lawmakers “do not deliver the magnitude of cuts sought by the White House,” says reporter Tony Romm.“Under the emerging plan, the Trump administration wou…