Your Pulse On America: Live And Unfiltered
President Trump received a phone call from Elon Musk late on Monday night, which led to a public expression of regret from the billionaire early Wednesday for the attacks he had lodged against the president in their extraordinary public showdown last week, according to three people briefed on the call. Mr. Musk’s outreach to Mr….
The strategy is an old one for Republicans: Cut taxes for a few years, avoiding the need to account for their cost over the long term, and bet that the reductions become popular enough that Congress will later vote to continue them. The tax bill that Republicans are now putting together on Capitol Hill takes…
Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the cost of buying one. But a budget bill that House Republicans released on Monday would end that tax credit. Their proposal would also put new restrictions on other tax breaks…
House Republicans on Monday outlined their plans for an expansive tax bill that would temporarily enact President Trump’s campaign pledges not to tax tips or overtime pay, roll back subsidies for clean energy and create a new type of tax-advantaged investment account for children. The bill, which the Ways and Means Committee will formally take…
Gerhard Randers-Pehrson, an 81-year-old resident of Ossining, N.Y., believes the $10,000 cap should go up — but not too much. While Mr. Randers-Pehrson, a retired research scientist, said he paid $16,000 in state and local taxes last year, he does not expect to personally benefit from a higher cap. He would take the standard deduction…
A first-of-its-kind bill to regulate parts of the cryptocurrency industry stalled in the Senate on Thursday, after Democrats blocked it amid concerns in their party about how President Trump and his family are profiting from crypto. On a vote of 48 to 49, the measure failed to muster the 60 votes necessary to advance. It…
The Trump administration, which has made clear that it aims to slash government spending, is preparing to unveil a budget proposal as soon as next week that includes draconian cuts that would entirely eliminate some federal programs and fray the nation’s social safety net. The proposed budget for the 2026 fiscal year would cut billions…
As Elon Musk sought to reassure Wall Street analysts on Tuesday that he would soon scale back his work with the federal government, the strain of his situation was audible in his voice. The world’s richest man said that he would continue arguing that the Trump administration should lower tariffs it has imposed on countries…
The Senate on Wednesday approved a measure that would block some of the tariffs President Trump has imposed on Canada, with a handful of Republicans joining Democrats to pass a resolution that would halt levies set to take effect this week. The measure is all but certain to stall in the House, where G.O.P. leaders…
Republicans in Congress have responded to President Trump’s unilateral moves to freeze federal spending, dismantle programs and fire civil servants with a collective shrug, staying mostly silent and even praising him as he circumvents the legislative branch. But in recent days, as his slash-and-burn campaign to remake the government has begun to affect their states…