Trump, tax and spending bill
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President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the long run, forecasters say
Under the new law, gamblers will be allowed to deduct just 90% of their losses from their income taxes starting in 2026. Previously, they could deduct 100% of their losses. Now, for example, gamblers who win $100,000 but lose $100,000 – coming out even — would still be required to pay taxes on $10,000.
Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.
Over the last six months, local colleges have been losing federal money or facing such threats, but for Swarthmore and Bryn Mawr Colleges, just the opposite happened last week. The two highly selective,
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Four days after President Donald Trump signed his “big, beautiful bill” into law, one of the Republicans who voted for it, Sen. Josh Hawley, wasn’t interested in touting the measure’s high-profile tax,
The weekly session of Prime Minister's Questions comes ahead of UK-France talks on tackling small boat crossings.
The 887-page law goes far beyond extending President Trump’s 2017 legislation.
The impact of the massive spending bill President Donald Trump signed into law on Independence Day is expected to filter down to infants and toddlers — a segment of the population that's particularly vulnerable to cuts to the federal social safety net.
Speculation of a fourth stimulus check surfaced on social media and unverified websites, however, there has been no official confirmation from the IRS.