5 Articles
5 Articles
In a surprising setback, conservatives have blocked President Trump's bill on large tax and spending cuts.
'Failure's not an option': Trump budget bill will be 'big' help for seniors, top House tax-writer says
EXCLUSIVE: The top tax-writer in the House of Representatives is arguing that President Donald Trump's "big, beautiful bill" will be "big" for American taxpayers as well – including seniors.House Ways & Means Committee Chairman Jason Smith, R-Mo., and other Republicans on the panel spent months negotiating behind closed doors on how to enact Trump's tax policies.Among those is an added $4,000 deduction for Americans aged 65 or older. Seniors wit…
Trump's one big, beautiful bill would upend IRS tax filing system
Republicans in Congress have big plans for the “one big, beautiful bill,” which will affect not only tax rates and exemptions but also how people file their taxes. The GOP was irked last year by an Internal Revenue Service announcement that it would make Direct File permanent. The service launched last year is designed to help people file without having to shell out cash to H&R Block or another tax prep firm, but opponents describe it as another…
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