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Senate, Tax and Bill

The Wall Street Journal on MSN · 18h

What’s in the Trump Tax Bill Passed by the Senate?

The bill proposes raising the state-and-local-tax deduction cap to $40,000 with a 1% increase every year through 2029, then reverting to $10,000 in 2030. It sets the income threshold at $500,000 and increases it by 1% annually through 2029.

USA TODAY on MSN · 10h

See the changes the Senate made on GOP tax and spend bill

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend colleges and universities. Right now, students are considered full time and qualify for the maximum amount of aid if they take 12 credits a semester.

NBC News on MSN · 1d

Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.

17hon MSN

Senate GOP removes tax on solar and wind energy but dismantles climate law passed by Democrats

The Senate approved the Republican budget bill as President Trump and GOP lawmakers move to dismantle the 2022 climate law ...

12hon MSN

Student loans, gun silencers and a space shuttle: See surprises found in Senate tax bill

From gun silencers to the child tax credit, there are several secluded provisions lurking in the Senate's version of sweeping ...

1don MSN

Senate Tax Bill Strikes Clean Energy But Leaves Room for Relief

The Senate version of President Donald Trump’s tax-and-spending bill would soften the blow for wind and solar developers, ...

13hon MSN

Freedom Caucus and allies blast Senate ‘failures’ in GOP ‘big, beautiful’ tax bill

The House Freedom Caucus and like-minded allies sent out a three-page document blasting the “failures” of the Senate version ...

1d

Poorest Americans dealt biggest blow under Senate Republican tax package

Small improvements in taxes are overshadowed by cuts to health insurance and other federal aid, resulting in a package ...

1d

US Senate Strikes AI Regulation Ban From Trump Megabill

Blackburn presented her amendment to strike the provision a day after agreeing to compromise language with Senate Commerce ...

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