Trump, Senate and Republicans
Digest more
U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside of the United States.
The Senate’s version of a bill to enact President Trump’s agenda goes further than a House-passed bill to reduce Medicaid spending, according to GOP aides familiar with the legislation. GOP aides
The House-passed version of the bill would extend Trump's 2017 income tax cuts and implement new temporary tax breaks for tips and overtime. It would create new federally-seeded savings account for children and give seniors an additional tax credit. It would pour billions of dollars into the administration's deportation plans and on defense.
Republicans must overcome intraparty divides to get legislation to Trump’s desk by July 4 target.
Blue state Republican reps railed against rumored Senate plans to lower the state and local tax deduction (SALT) cap back down from the House-negotiated level of $40,000 back down to $10,000, its
Explore more
The Senate will be working an abbreviated week with the goal of passing a bipartisan stablecoin regulation bill on Tuesday.
The Ohio Senate’s version of the state budget bill would change the way Ohio students learn math. Ohio schools’ math and reading scores on state tests dropped significantly during the COVID pandemic. Unlike reading, however, the state has not been focused on improving math scores in the same way that they’ve pushed for reading improvements.
The U.S. Senate may soon pass the GENIUS act, a bill to regulate stablecoins. Here’s what that could mean for the future of asset-backed cryptocurrencies.