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Tag: Tax Reform

Trump’s Capital Gains Tax Proposal Prompts Homeowners to Delay Sales Amid Housing Crunch

Trump’s Capital Gains Tax Proposal Prompts Homeowners to Delay Sales Amid Housing Crunch

Trump’s Capital Gains Tax Proposal Prompts Homeowners to Delay Sales Amid Housing Crunch President Donald Trump’s recent statement about potentially eliminating the capital gains tax on home sales is causing a stir among homeowners, with some now delaying property listings in anticipation of a significant tax cut. The proposal, aimed at boosting housing inventory amidst high interest rates, comes as bipartisan efforts in Congress are already underway to reform the existing tax. Many older Americans, like Joel Friedman, 71, and…

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Trump-Era ‘Big Beautiful Bill’ Revisited: Impact on Taxes, Immigration, and Social Programs Still Felt Years Later

Trump-Era ‘Big Beautiful Bill’ Revisited: Impact on Taxes, Immigration, and Social Programs Still Felt Years Later

Trump-Era ‘Big Beautiful Bill’ Revisited: Impact on Taxes, Immigration, and Social Programs Still Felt Years Later While signed into law during the Trump administration, the sweeping legislation dubbed the ‘Big Beautiful Bill’ continues to shape the economic and social landscape. Originally enacted following an Independence Day signing ceremony at the White House, the nearly 900-page bill significantly altered tax policy, boosted immigration enforcement, and reformed social safety nets, with its effects still observable today. Key provisions of the bill included…

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President Trump Set to Enact Sweeping Tax and Spending Bill, Reshaping Congressional Landscape

President Trump Set to Enact Sweeping Tax and Spending Bill, Reshaping Congressional Landscape

President Trump Set to Enact Sweeping Tax and Spending Bill, Reshaping Congressional Landscape President Donald Trump is on the verge of signing a monumental tax and spending bill into law, a move expected to have far-reaching implications for the nation’s economy and political future. The legislation, often dubbed a ‘megabill,’ is a comprehensive package that has been the subject of intense debate and negotiation in Congress. Political analysts are closely examining how this new tax bill could significantly shape the…

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House Passes Sweeping Tax and Medicaid Bill; Trump Poised for Independence Day Signing

House Passes Sweeping Tax and Medicaid Bill; Trump Poised for Independence Day Signing

House Passes Sweeping Tax and Medicaid Bill; Trump Poised for Independence Day Signing The House of Representatives has passed President Donald Trump’s signature legislative package, a sweeping bill encompassing significant tax reductions and changes to Medicaid, sending it to the President’s desk for an anticipated signing on Independence Day. The final vote, which occurred late on July 3, marks a major legislative victory for the Trump administration and House Republicans, who pushed the $3.3 trillion domestic agenda through Congress despite…

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Fact Check: Unpacking the New Tax Bill’s Real Impact on Social Security for Seniors

Fact Check: Unpacking the New Tax Bill’s Real Impact on Social Security for Seniors

Fact Check: Unpacking the New Tax Bill’s Real Impact on Social Security for Seniors As a significant new tax and spending cut package moves through Congress, former President Donald Trump continues to assert that the legislation will completely eliminate taxes on federal Social Security benefits. However, a closer look at the proposed bills reveals this claim to be a substantial overstatement. Instead of a full elimination, both the House and Senate have passed their own versions of a temporary tax…

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Senate Republicans Race to Pass Sweeping Tax-and-Spending Bill: What It Means for You

Senate Republicans Race to Pass Sweeping Tax-and-Spending Bill: What It Means for You

Senate Republicans Race to Pass Sweeping Tax-and-Spending Bill: What It Means for You As of July 1, 2025, Republican lawmakers are in a critical push to pass President Donald Trump’s comprehensive spending and tax bill on Capitol Hill. Senate staffers were seen working through sunrise, underscoring the intensity of the legislative battle. This sweeping legislation, if enacted, promises to reshape various aspects of American finances, from tax deductions to social safety nets and student loans. Among the key provisions, the…

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Trump Tax Bill Threatens Georgia’s Clean Energy Boom and Local Jobs

Trump Tax Bill Threatens Georgia’s Clean Energy Boom and Local Jobs

Trump Tax Bill Threatens Georgia’s Clean Energy Boom and Local Jobs A looming tax cut bill, championed by former President Donald Trump and potentially days from final passage, poses a significant threat to a burgeoning clean energy sector in Georgia, including a pro-Trump town. Cartersville, Georgia, located in overwhelmingly Republican Bartow County, stands to lose thousands of promised jobs and billions in investment from two South Korean companies, Hyundai Motor Group/SK On and Qcells. These companies, building electric battery and…

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Senate Republicans Race to Pass Trump’s Sweeping ‘Big Beautiful Bill’ Ahead of July 4th Deadline

Senate Republicans Race to Pass Trump’s Sweeping ‘Big Beautiful Bill’ Ahead of July 4th Deadline

Senate Republicans Race to Pass Trump’s Sweeping ‘Big Beautiful Bill’ Ahead of July 4th Deadline Senate Republicans are in a frantic push to pass President Donald Trump’s ambitious ‘Big Beautiful Bill,’ a sprawling tax and spending measure, with a self-imposed July 4th deadline looming. Senate Majority Leader John Thune is pressing for a vote on the latest 940-page version of the bill, which narrowly cleared the House of Representatives two weeks prior. Divisions among rank-and-file Republicans persist, primarily over the…

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Senate Braces for Crucial Vote on Trump’s ‘Big Beautiful Bill’ Amidst Deep Divisions

Senate Braces for Crucial Vote on Trump’s ‘Big Beautiful Bill’ Amidst Deep Divisions

Senate Braces for Crucial Vote on Trump’s ‘Big Beautiful Bill’ Amidst Deep Divisions The U.S. Senate is currently navigating a complex legislative minefield as President Donald Trump’s ambitious ‘big, beautiful’ tax and immigration package, recently passed by the House, faces an uncertain future in the upper chamber. With a razor-thin Republican majority, Senate Majority Leader John Thune faces the daunting task of uniting his conference to secure the 51 votes needed for passage, all while a July 4 deadline looms…

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House and Senate Republicans Differ on Provisions of Proposed Tax and Spending Bill

House and Senate Republicans Differ on Provisions of Proposed Tax and Spending Bill

House and Senate Republicans Differ on Provisions of Proposed Tax and Spending Bill The House of Representatives passed its version of a large tax and spending bill, referred to as the “One Big Beautiful Bill Act” (OBBBA), on May 22nd. The Senate is now considering its version of the bill, with significant differences emerging between the two chambers’ proposals. The bill aims to make many of the 2017 tax cuts permanent and includes various provisions impacting taxes and spending, including…

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