Update (7/2/2025): The analysis below has been updated based CBO's initial estimate of the Senate-passed bill and JCT's estimate of the Senate-passed revenue changes. After 2025 (which is driven by ...

The tech giant Meta disclosed this week that the company paid an effective federal income tax rate of just over 3.5 percent in 2025, the lowest it has recorded since the company went public as ...

Social Security's Old-Age and Survivors Insurance (OASI) trust fund is an estimated eight years away from exhausting its asset reserves, which would trigger sweeping benefit cuts. A fresh analysis ...

After modestly reducing deficits in Fiscal Year (FY) 2025 by reducing the present value cost of the student loan program, the reconciliation law is projected to add significantly to near-term deficits ...

The Center for American Progress and The Arc break down the One Big Beautiful Bill Act, exposing how its deep cuts to Medicaid and Medicare will lead to benefit losses, increased paperwork ...

As the Republican budget bill, called the One Big Beautiful Bill Act, nears the July 4 deadline set by the White House, lawmakers have been ramping up the rhetoric. Many items in the bill have ...

Senate Republicans' "one big beautiful bill" would reduce incomes for low-earning households and raise incomes for wealthier households, according to a Yale Budget Lab report. The GOP is trying to get ...

TOKYO/SINGAPORE, June 30 (Reuters) - As the Trump administration's "big, beautiful bill" grinds its way through the U.S. Senate, incentives are growing for foreign investors to diversify out of U.S.

House Republicans' version of the One Big Beautiful Bill Act includes new money for certain families, including $1,000 investment accounts for children and an enhanced $2,500 child tax credit. But the ...

The authors reviewed distributional analyses from bills over the last 35 years. The Republican megabill now before the Senate cuts taxes for high earners and reduces benefits for the poor. If it’s ...