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Senate Confirms Billy Long to Lead I.R.S., Ignoring Troubled Tax Credit History

12 juin 2025 à 13:24
The former Republican congressman and auctioneer also had a brief career selling tax credits, including one that the I.R.S. said did not exist and another it said was rife with fraud.

© Kenny Holston/The New York Times

Billy Long, a former Republican congressman from Missouri and President Trump’s nominee to head the Internal Revenue Service, during a hearing on his nomination last month.

Rich Gain and Poor Lose in Republican Policy Bill, Budget Office Finds

12 juin 2025 à 13:03
The nonpartisan Congressional Budget Office found that the richer Americans were, the more they would benefit from the measure carrying President Trump’s agenda. And the poorest would lose out altogether.

© Eric Lee for The New York Times

The Congressional Budget Office found that under the Republican domestic policy bill that passed the House the bottom 10 percent of Americans would overall lose government benefits worth an average of $1,559 each year over the next 10 years.

Senate Republicans Want to Trim Some of Trump’s Tax Cuts in Domestic Policy Bill

11 juin 2025 à 15:13
G.O.P. senators are considering whether to further curb the president’s favorite tax cuts as they rewrite key portions of the sprawling domestic agenda bill passed by the House.

© Eric Lee for The New York Times

On the chopping block are some of President Trump’s favorite parts of the bill, like not taxing overtime.

Democrats Hate Trump’s Policy Bill, but Love Some of Its Tax Cuts

9 juin 2025 à 05:01
There’s an undercurrent of Democratic support for elements of President Trump’s tax agenda, a dynamic that Republicans are trying to exploit as they make the case for enactment of their sprawling domestic legislation.

© Tom Brenner for The New York Times

Senator Jacky Rosen, Democrat of Nevada, made a successful, if largely symbolic, bid to have the Senate unanimously approve a version of President Trump’s “no tax on tips” proposal.

Trump’s Pledge to Not Tax Overtime Could Become Federal Law

6 juin 2025 à 10:11
Once a seemingly offhand remark at a campaign rally, President Trump’s pledge to not tax overtime could become federal law.

© Erin Schaff/The New York Times

The overtime tax cut would be most valuable for people who can easily set their own schedules, meaning it may ultimately favor white-collar workers.

Trump’s Policy Bill Would Add $2.4 Trillion to Debt, Budget Office Says

4 juin 2025 à 17:36
The estimate from the nonpartisan Congressional Budget Office is all but certain to inflame an already intense debate inside the G.O.P. about the fiscal consequences of its bill to enact President Trump’s agenda.

© Kenny Holston/The New York Times

The president’s signature domestic policy bill squeezed through the House last month after Speaker Mike Johnson struck deals to mollify holdout factions of his party.
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