The senator said that the GENIUS Act, as it’s written, should be struck down, fearing that it would be a “huge giveaway to Big Tech.”
Category: Republican Party
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Deficit Politics Returns in Debate Over Trump Tax Cuts
The legislation that Republicans are trying to push through Congress could swell the very fiscal imbalance that party leaders have promised to tame for years.
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Tax Credit Increase Would Exclude Millions of Low-Income Children, Study Finds
The domestic policy bill passed by the House raises the maximum child tax credit to $2,500. But about a third of children would not receive the full credit because their parents have low wages or lack jobs.
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Electric Vehicles Died a Century Ago. Could That Happen Again?
Battery-operated vehicles were a mainstay more than a hundred years ago, but only a few still exist — one happens to be in Jay Leno’s garage.
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Republicans Harness Tax Code to Punish Trump’s Political Nemeses
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
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Senate Advances Crypto Regulation Bill With Bipartisan Support
Democrats who had sided with the rest of their party last week to block the measure over concerns that President Trump could benefit dropped their objections. They argued that regulating the industry was urgent.
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Bond Traders Enter the U.S. Budget Fight
Concerns about the deficit-stretching potential of President Trump’s tax plan is spooking some investors, even as Republicans argue over its particulars.
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Trump’s New Tax Cuts Could Shower Americans With Cash, for Now
Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.
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Republican Agenda Hits Familiar Obstacle: State and Local Taxes
A small group of Republicans are threatening to torpedo President Trump’s agenda over the state and local tax deduction, long a headache for both parties.