Latest news with #economicpackage
Bloomberg
a day ago
- Business
- Bloomberg
Senate Republicans Plan to Release Major Revisions to Trump's Tax Bill
Senate Republicans intend to propose revised tax and health-care provisions to President Donald Trump's $3 trillion signature economic package this week, shrugging off condemnations of the legislation by Elon Musk as they rush to enact it before July 4. The Senate Finance Committee's plan to extract savings from the Medicaid and — perhaps — Medicare health insurance programs could depart in key respects from the version of the giant bill that narrowly passed the US House in May. The release of the panel's draft will likely touch off a new round of wrangling between fiscal conservatives and moderates.
Bloomberg
27-05-2025
- Business
- Bloomberg
Japan Allots $2.7 Billion From Reserves to Ease US Tariff Hit
Japan's government approved a plan to draw ¥388 billion ($2.7 billion) from reserve funds to support businesses and households impacted by US tariffs, in an emergency measure aimed at easing the domestic repercussions of President Donald Trump's sweeping trade campaign. The cabinet on Tuesday approved the outlay for the economic package, which includes ¥288 billion in utility bill subsidies and ¥100 billion to help regional businesses ride out rising costs, according to a government document laying out the plan.
Bloomberg
22-05-2025
- Business
- Bloomberg
SALT Write-Off, Harvard Tax, Medicaid Cuts: What's in Trump's Bill
House Republicans narrowly passed President Donald Trump's economic package after a series of all-night negotiations and 11th-hour compromises. The legislation now heads to the Senate where lawmakers are looking to make their own stamp on the bill. The core of the package — an extension of the president's 2017 first-term tax cuts — is likely to stay, but the senators could make some changes to a slew of new tax and spending measures that touch many aspects of the economy.
