Senate Republicans propose to cut trillions of dollars in taxes for households and businesses in their version of President Donald Trump’s signature economic package, a plan that comes at the expense of curbing health coverage for some low-income Americans and adding to US deficits.

For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing the credit available to parents, which would be set at $2,200 per child, beginning in the 2025 tax year. House Republicans had proposed to bump up the credit to $2,500, but only through 2028.

EDP ​​Renovaveis , the world's fourth-largest wind energy producer, will stick to its goal of installing up to 1.75 gigawatts of new capacity in the U.S. by the end of 2026 even if tax credits for renewables are phased out,

Florida legislators pass a $115.1 billion budget after a delayed session, with tax cuts and state employee raises included.

Included in a Republican tax cut plan advancing in the Legislature is a provision to shield some retirement income from Wisconsin income taxes.

How it works is homeowners can shave $140,000 off the taxable value of their home when paying school district property taxes. In theory, a home worth $140,000 would no longer be required to pay school property taxes, which often make up the largest portion of a homeowner’s tax bill.

WASHINGTON (AP) — As Republican senators consider President Donald Trump’s big bill that could slash federal spending and extend tax cuts, a new survey shows most U.S. adults don’t think the government is overspending on the programs the GOP has focused on cutting, like Medicaid and food stamps.

Colorado estimates it could have to come up with anywhere from $200 million to $360 million annually for food assistance benefits, depending on the language in the final bill.