The “big beautiful bill” — championed by President Donald Trump and signed on Independence Day — is shaping up to be a windfall for Big Tech. The measure — officially called the “One Big Beautiful Bill Act,” or OBBBA for short — restores three tax provisions from the 2017 Tax …
President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of …
Seven years ago, when Republicans passed the most significant overhaul of the tax code in a generation, they were sure the law would supercharge investment, raise wages and shift the American economy into a higher gear. So did it? The answer, at least for now, is largely lost to history. …
There’s ongoing debate in the nation’s capital about whether President-elect Donald Trump’s legislative priorities, and tax cuts in particular, should be split up into multiple bills next year, but Republican House Way and Means Committee Chairman Jason Smith tells CNBC to expect one big bill next year, and that his …