Private equity cheers the legislation while Tesla and AI start-ups lose out
The legislation would cut taxes by $4.5tn over 10 years while slashing welfare spending and green subsidies
Package of tax and spending cuts overcomes Republican rebellion to be approved by vote of 218 to 214
House minority leader Hakeem Jeffries sets record with speech of 8 hours and 44 minutes
A legislative win for the president could hurt his party given the tax and spend measure’s low popularity
Landmark legislation to extend tax cuts and reduce spending on healthcare now returns to the House
Exemptions granted to the US on taxation make cross-border business even harder
Package would cut levies by $4.5tn over 10 years while slashing welfare spending and green subsidies
Party can only afford to lose 3 votes to secure simple majority, with all Democrats opposed
And the big, beautiful bill
Despite bipartisan distaste, the ‘carried interest’ distortion refuses to die
US president to stay in Washington for weekend as White House mounts lobbying push on spending legislation
Scott Bessent says deal with G7 would stop global minimum taxes from applying to American companies
Backers of business development companies are now trying to right a perceived wrong
Estimates by president’s Council of Economic Advisers come as Republicans make final push to pass legislation
Donald Trump is pushing the US Senate to approve ‘big, beautiful bill’ this week
Deal under consideration would limit taxes on dividends even as spending plan deepens debt and cuts programmes for poor
There is a position between the old Republican guard and budget fairyland
Move draws ire of House Republicans who could derail president’s legislation
Professional services groups say they are unfairly targeted in Republicans’ ‘big, beautiful bill’
Spending on lobbyists surges ahead of Senate decision on US president’s key fiscal legislation
Foundations may reduce distributions by up to a fifth in response to spending plan’s tax rise on endowment profits
State and local governments worry credit for big projects could be used to offset cost of Donald Trump’s ‘big, beautiful bill’
Global companies lobby lawmakers to reject extra levies on countries deemed to treat US unfairly
US president signals he may cut billionaire’s contracts with the federal government
