Halfpoint Images | Moment | Getty Images Consumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts. Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for new, used and…
Me 3645 Studio | Moment | Getty Images Republicans gave a roughly $4 trillion tax cut to Americans in the so-called “big beautiful bill” that President Donald Trump signed into law last week, extending several tax provisions slated to expire next year. However, there was a notable omission: an extension of enhanced premium tax credits,…
Halfpoint Images | Moment | Getty Images President Donald Trump’s signature on his so-called “big beautiful bill” was a death blow for tax credits that lowered the cost of electric vehicles. Those tax credits — worth up to $7,500 and $4,000 for purchases of new and used EVs, respectively — won’t be available after Sept….
People shop at a grocery store in Manhattan, New York City, on April 1, 2025. Spencer Platt | Getty Images Republicans’ “big beautiful” reconciliation package includes tax cuts that policy researchers have found primarily benefit the wealthy. To help pay for that, the legislation also includes “substantial” cuts to the Supplemental Nutrition Assistance Program, or…
A view of the Consumer Financial Protection Bureau headquarters in Washington. Saul Loeb | Afp | Getty Images A massive tax and spending law that President Donald Trump signed last week slashes the Consumer Financial Protection Bureau’s annual budget — and critics of the move say they fear it may lead to less oversight of…
The Capitol at dawn during a vote-a-rama, on July 1, 2025 in Washington, DC. Al Drago | Getty Images News | Getty Images How to read this guide Follow along from start to finish, or use the table of contents to jump to the section(s) you want to learn more about. Need a refresher on…
Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House of Representatives waits to vote on President Trump’s “big beautiful bill” reconciliation package on July 3, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images A massive package of tax cuts championed by President…
Senate Majority Leader John Thune (R-SD), flanked by Sen. John Barrasso (R-Wyoming), Sen. Mike Crapo (R-Idaho) and Sen. Lindsey Graham (R-SC), speaks to reporters after the Senate passed President Trump’s reconciliation package on July 1, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images Tax cuts are the centerpiece of a massive legislative package…
The U.S. Capitol Building is reflected in the Capitol Reflecting Pool at sunset on June 18, 2025 in Washington, D.C. Kevin Carter | Getty Images News | Getty Images Some Americans ages 65 and over may be poised to see additional tax relief if Republicans’ “big beautiful” bill becomes law. Now that the Senate and…
Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025 in Washington. Anna Moneymaker | Getty Images News | Getty Images A massive legislative package Senate Republicans are trying to pass this week would hurt the lowest-earning Americans financially…
