On Tuesday the House passed the Republican Tax Plan by a 227-203 margin. Politico Tax Reporter Aaron Lorenzo explains the path forward for this legislation in the Senate, and how individuals and corporations will be impacted.
Lorenzo says he expects the GOP plan to pass the Senate, and signed by President Trump before the end of the year. The bill is a $1.5 Trillion tax cut which nearly doubles standard deduction, and cuts the corporate tax rate from 35 percent to 21 percent. Lorenzo says he expect retail to be a big winner, because they do not face a big margin.
According to a recent Gallup Poll, more than half of Americans say the proposed tax cuts would not help their families financial situation, and would not help the U.S. economy.
The Supreme Court will decide whether a disabled activist can file disability rights lawsuits against hotels she doesn't intend to visit.
Massachusetts Democratic U.S. Sen. Elizabeth Warren announced Monday that she will seek a third term in 2024.
The Biden administration has issued a statement saying it will veto a GOP-led bill aimed at bringing down energy costs by making it easier for energy companies to get permits for domestic drilling.
House Speaker Kevin McCarthy said lawmakers will move forward with a bill to address national security worries about TikTok.
President Joe Biden’s choice to run the Federal Aviation Administration has withdrawn his nomination, a setback for the administration that comes after Denver International Airport CEO Phillip Washington appeared to lack enough support in the closely divided Senate.
Facing a potential indictment, Donald Trump took a defiant stance at a rally Saturday in Waco, disparaging the prosecutors investigating him and predicting his vindication as he rallied supporters in a city made famous by deadly resistance against law enforcement.
While data privacy still remains one of TikTok's biggest challenges, it may face a larger problem in order to stay in the United States: content moderation.
King Charles III's visit to France was postponed because of ongoing protests.
Governor Spencer Cox signed two measures restricting how easily children in the state can access platforms like TikTok and Twitter, setting the precedent in the U.S.
The California state legislature has proposed a bill banning candies such as Skittles and Nerds due to their containing chemicals linked to increased risk of cancer and behavioral issues in children. The chemicals in questions are brominated vegetable oil, propyl paraben, potassium bromate, titanium dioxide, and red dye no. 3.
