Trump, tax bill
Digest more
Top News
Overview
Reactions and opinions
Illinois taxpayers still don’t know how much of their money will be spent by the state of Illinois next fiscal year or whether they’ll be charged higher taxes to pay for it. Saturday is the deadline for legislators to approve the annual spending plan that begins July 1.
The House and Senate will need to negotiate a final tax deal in the state budget. Here's what they want to do.
U.S. Sen. Rand Paul, in Cedar Rapids for a Republican Party of Iowa fundraiser Thursday, questioned President Donald Trump's authority to unilaterally impose tariffs on other countries by edict, and applauded a federal court ruling blocking Trump from imposing sweeping tariffs on imports under an emergency-powers law.
The proposal raises the homestead exemption from $100,000 to $140,000 for most homeowners, effectively reducing the taxable value of a home.
Since taking office, Mr. Trump has raced to enact his economic vision, aiming to pair generous tax cuts with sweeping deregulation that he says will expand America’s economy. He has fashioned his steep, worldwide tariffs as a political cudgel that will raise money, encourage more domestic manufacturing and improve U.S. trade relationships.
Elon Musk says in an interview excerpt that he was “disappointed” in the U.S. House GOP’s massive legislative package of tax cuts, border funding and more of President Donald Trump’s
Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a change that top earners will likely benefit the most from. Republicans in the lower chamber advanced their version of President Donald Trump’s "big,
Senator Joni Ernst's flip response in an exchange with constituents about the effects of Trump’s domestic policy bill quickly spread online.