One Big Beautiful Bill, tax cut
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About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people. About half say it will do more harm than good for middle-class people and people like them.
Boil down the hundreds of tax provisions in the sprawling legislation signed by President Donald Trump on July 4, and it becomes clear: The rates Americans pay will now depend less on how much money they make,
Once upon a time, the idea of simplifying the federal tax code enjoyed widespread bipartisan political support. Times have changed in this regard, and not for the better. That’s bad news, and not just because of the headaches it causes taxpayers each April.
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The Texas Tribune on MSN1.7 million Texans could lose health coverage under expiring tax credits, ACA changes in GOP megabillHaving never expanded Medicaid, Texas avoided most of the looming federal cuts other states will face. But the Affordable Care Act is a different story.
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The president’s signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire, imperiling a workplace perk popularized during Silicon Valley’s dot-com boom that is now an emblem of modern office culture. A well-stocked pantry is now a staple at Wall Street banks, among other places.
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Biden administration spent over $1.2 million in taxpayer funds renovating swimming pools at U.S. embassies in war-torn countries, according to Sen. Joni Ernst's report.
Instead of paying up, wealthy expats are getting out—sparking questions about whether the move will raise any money at all.