One Big Beautiful Bill, tax cut
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NRSC Chair Sen. Tim Scott says polling on the GOP’s sweeping tax and spending bill is “just breaking even.” A new Semafor report reveals Scott is urging Republicans to focus on promoting popular provisions—like tax cuts—instead of the bill as a whole.
Washington — A Trump-backed tax holiday on auto loan interest payments could save middle-class Americans several hundred dollars apiece on new U.S.-built vehicle purchases through 2028, according to industry experts.
About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people. About half say it will do more harm than good for middle-class people and people like them.
Boil down the hundreds of tax provisions in the sprawling legislation signed by President Donald Trump on July 4, and it becomes clear: The rates Americans pay will now depend less on how much money they make,
The president’s signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire, imperiling a workplace perk popularized during Silicon Valley’s dot-com boom that is now an emblem of modern office culture. A well-stocked pantry is now a staple at Wall Street banks, among other places.
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Bergen County's highest average property taxes ranged from $19,297 to $24,736, while Passaic County's ranged from $11,007 to $13,698. High property taxes are attributed to the reliance on local funding for services and a lack of diverse revenue sources in many towns.
Germany intends to reverse an increase in air traffic tax in 2026, something which will be discussed by the new coalition government as part of budget considerations for that year, the Bild newspaper reported on Monday.