Trump, tax cut and Republicans
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Energy equity investors are adjusting positions across the U.S. power sector in an attempt to pick winners and cut losers ahead of the final passing of President Donald Trump's tax-and-spending bill.
One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on Social Security benefits.
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The Senate version of the bill includes a provision that would fully phase out both solar and wind power tax incentives by 2028. It does, however, keep incentives for nuclear, hydropower and geothermal energy for longer.
Cuts to Medicaid and anti-poverty programs wipe out gains low-income households could see from policies like no taxes on tips and overtime, nonpartisan estimates show.
A poll found 64% of Americans have an unfavorable view of Trump's proposed tax bill that passed the House in May and is being revised in the Senate
Senate Republicans hope to pass the "big, beautiful bill" by July 4th. It will then go back to the House for consideration.
Gov. Greg Abbott is signing a $10 billion property tax relief package into law, aimed at benefiting homeowners, seniors, and businesses. The tax cuts are not yet final; they must be approved by Texas