Latest news with #ErikWasson
Bloomberg
10 hours ago
- Business
- Bloomberg
Trump Speeds Up Tax Bill Deadline as Tentative SALT Deal Reached
By and Erik Wasson Updated on Save President Donald Trump amped up pressure on Congress to speed passage of his tax-cut bill as Republicans reached a tentative deal on the state and local tax deduction, one of the key sticking points in the negotiations. 'The House of Representatives must be ready to send it to my desk before July 4th — We can get it done,' Trump said on Truth Social Friday.
Bloomberg
a day ago
- Business
- Bloomberg
Senate Gun, Silencer Provisions Blocked From Trump Tax Bill
By and Erik Wasson Updated on Save Senate Republicans' effort to use President Donald Trump's massive tax bill to eliminate regulations on short-barreled rifles, short-barreled shotguns and silencers has hit a roadblock with the chamber's rules-keeper. The Senate parliamentarian decided the policy provisions violate the fast-track budget rules Republicans are using to avoid a filibuster and pass Trump's legislative agenda with only GOP support.
Bloomberg
2 days ago
- Business
- Bloomberg
Trump Tax Bill Hits $250 Billion Health Care Snag in Senate
By , Erik Wasson, and Erin Durkin Updated on Save A Republican plan to cut $250 billion in Medicaid and other health care spending hit a procedural roadblock in the Senate Thursday, complicating efforts to pass Donald Trump's massive tax and spending package. The Senate's legislative rules-keeper judged a series of key health care provisions in the legislation ineligible for a special procedure Republicans are using to bypass the Senate's normal process so they avoid making concessions to Democrats.
Bloomberg
17-06-2025
- Business
- Bloomberg
Senate Has Enough Votes to Pass Stablecoin Bill
Bloomberg's Erik Wasson shares his insight on the Tax Bill latest as the legislation doesn't look likely to pass in the Senate. He also talks about the Senate having enough votes to pass the Stablecoin Bill, the GENIUS Act, and the impact of this legislation. Erik speaks with Julie Fine and Joe Mathieu on the late edition of Bloomberg's 'Balance of Power.' (Source: Bloomberg)
Bloomberg
17-06-2025
- Business
- Bloomberg
What's New in the Senate Version of Trump's Tax and Spending Bill
By and Erik Wasson Save Senate Republicans plan to modify President Donald Trump's massive fiscal package to lower maximum deductions for state and local taxes and limit the impact of a 'revenge' tax on foreign investors. Senate GOP leaders also plan to cut deeper into Medicaid health insurance for the poor and disabled than House Republicans did in their version of the legislation to help pay for Trump's tax cuts.
