Author: Zach Halaschak

The House has advanced three crypto bills after an hourslong impasse over language barring the creation of a central bank digital currency. After more than nine hours, the House voted 217-212 Wednesday night in favor of a procedural vote that sets the terms of debate on the crypto legislation and an unrelated bill funding the…

The Republican megabill that is now law includes a key tax provision that has the gambling industry frustrated, and some lawmakers are already pushing for changes. Republicans pushed the Senate-passed legislation through the House of Representatives in a 218-214 vote just ahead of July 4. And President Donald Trump signed it into law on the…

Vice President JD Vance is in the hopper and ready to go should he need to be the deciding vote on Republicans’ mega tax cut and spending bill. After 24 hours, the so-called vote-a-rama for the One Big Beautiful Bill Act is still ongoing. The process entails Republicans and Democrats offering up amendments to the…

The White House projected that the tax provisions in the Senate version of the One Big Beautiful Bill Act would reduce deficits by up to $2.3 trillion because of the economic growth spurred by the legislation. The Council of Economic Advisers released its latest analysis of the Senate’s reconciliation legislation on Wednesday morning. The agency…

Republicans are staring down more complications this week with their One Big Beautiful Bill Act, this time from the Senate’s parliamentarian, who ruled against several provisions that they included to win over conservative support. The House narrowly passed the tax and spending legislation last month after weeks of fierce negotiations. Now the bill is in the Senate,…

The Senate’s version of the One Big Beautiful Bill Act tax legislation is slightly less populist than the House bill and is more in tune with the GOP’s traditional supply-side orientation. The tax portion of the bill released by the Senate Finance Committee on Monday includes some significant changes from the House version, such as a smaller…

Sen. Katie Britt (R-AL) said she is pushing to increase the size of the child and dependent care tax credit in the Senate as part of the One Big Beautiful Bill Act. Britt, who has previously sponsored bipartisan legislation to boost the credit, told the Washington Examiner this week that she will try to get changes to the CDCTC…

A clash over the reconciliation bill’s effect on the federal debt imperils efforts to pass the sweeping Republican tax and spending bill in the Senate. The reconciliation legislation, the One Big Beautiful Bill Act, would extend much of the tax cuts from the 2017 Tax Cuts and Jobs Act, add new tax cuts, and increase spending…

EXCLUSIVE — House Ways and Means Committee Chairman Jason Smith (R-MO) thinks that the overwhelming majority of the GOP tax and spending legislation will survive the Senate, contrary to suggestions from Republican senators that the bill will have to undergo major changes to pass the upper chamber. Smith, who was in charge of passing the…

Members of the SALT Caucus and Republican House leadership have agreed to a compromise on raising the cap on state and local tax deductions, a breakthrough for the GOP as it tries to pass its $4 trillion tax-cut and spending bill. The compromise, agreed to Tuesday night ahead of a key vote on the legislation in the House…