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Tag: Tax Legislation

Elon Musk Launches ‘America Party’ After Tax Bill Sparks Rift with Trump

Elon Musk Launches ‘America Party’ After Tax Bill Sparks Rift with Trump

Elon Musk Launches ‘America Party’ After Tax Bill Sparks Rift with Trump Elon Musk has announced the formation of a new political party, the ‘America Party,’ following a public split with President Donald Trump over a recently signed sweeping tax cuts law. The Tesla and SpaceX CEO declared the party’s creation on Saturday, fulfilling a threat he made if the tax legislation, which he labeled an ‘insane spending bill,’ passed. Musk stated on X, the social media platform he owns,…

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Trump’s ‘Big, Beautiful Bill’ Nears House Vote Amid Fierce Debate

Trump’s ‘Big, Beautiful Bill’ Nears House Vote Amid Fierce Debate

Trump’s ‘Big, Beautiful Bill’ Nears House Vote Amid Fierce Debate A contentious tax and spending bill, championed by former President Donald Trump as his ‘big, beautiful bill,’ is on the brink of a House of Representatives vote. The sweeping legislation, which Republicans are pushing to pass, aims to make permanent tax cuts enacted during Trump’s first term, introduce new exemptions for tips, overtime, and car loan interest, and allocate substantial funding for mass deportations of undocumented immigrants. To offset costs,…

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