Author: Zach Halaschak

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…

House Republicans on the Ways and Means Committee voted their tax legislation out of committee on Wednesday, moving one step closer to enacting a sweeping fiscal bill that would enact much of President Donald Trump’s domestic agenda. The fate of the bill on the House floor, though, was unclear, as members were still debating deductions…

House Republicans left tax increases on private equity firms and millionaires out of their sweeping tax legislation, two provisions endorsed by President Donald Trump that would have affected the wealthiest taxpayers. Republicans released the legislative text on Monday that features extending and making permanent various expiring provisions from the 2017 Tax Cuts and Jobs Act, as…

The first 100 days of President Donald Trump’s second term have been a whirlwind of activity, punctuated by action at the border, tariffs, turbulent markets, DOGE, multiple lawsuits, and constant headlines. This Washington Examiner series, “100 Day Report Card,” will look at six key issues and how they have come to define the early days…

The CEO of Kalshi has a grand vision for the future of his company and the once-niche prediction market space, which exploded in popularity during last year’s elections. Kalshi, the first government-regulated exchange dedicated to trading on the outcome of future events, has enjoyed blistering growth over the past year. The exchange offers event contracts…

Inflation dropped to four-tenths of a percentage point to 2.4% for the year ending in March, the Bureau of Labor Statistics reported Thursday morning, a reassuring data point amid uncertainty about economic policy. Forecasters expected a drop in the inflation rate of three-tenths of a percentage point, after it fell the month before. The additional decrease, which was…

President Donald Trump called on Federal Reserve Chairman Jerome Powell to slash interest rates on Friday, right before Powell warned about tariffs and indicated the central bank would hold rates steady for the time being. Trump’s push for the Fed to cut rates comes at the end of a tumultuous week in which markets cratered…

President Donald Trump’s tariffs plan is likely to create some price hikes, at least in the short term. Car prices are among the most prominent items likely to become more expensive, so Trump is also proposing that taxpayers be able to deduct interest payments on auto loans for domestic cars. To be sure, Trump is…

Republicans on the House tax-writing committee are pushing forward with plans for a massive tax legislative bill and will be meeting to discuss preferences next week. The House Ways and Means Committee will meet on Monday and Wednesday to plan policy objectives related to extending expiring provisions of the 2017 Tax Cuts and Jobs Act,…

President Donald Trump‘s whirlwind series of moves that began his second White House stint had a conspicuous absence: immediate action on tariffs, the blunt trade measure he’s called “the most beautiful word to me.” Trump by no means forgot about tariffs, but he stopped short of imposing them on his first day in office. In the…