Us Tax Cuts

US' proposed HIRE law puts Indian IT firms, GCCs in a fix: Experts

This could not have come at a worse time because the IT companies are already under pressure for low single-digit growth for two consecutive years due to weak macroeconomic environment

Tesla stock slides as Musk's 'America Party' heightens investor concerns

Musk unveiled the 'America Party' on Saturday after openly sparring with Donald Trump over the US president's tax-cut and spending bill

Democrats see Trump's big bill as key to comeback. But it won't be easy

It is big and it is beautiful, says President Donald Trump. But for many Democratic leaders, the tax break and spending cut package adopted by Trump's Republican allies in Congress Thursday represents the key to the Democratic Party's resurgence. Even before the final vote was tallied, Democratic officials were finalising ambitious plans for rallies, voter registration drives, attack ads, bus tours and even a multiday vigil all designed to highlight the most controversial elements of Trump's big beautiful bill: the deep cuts to the nation's safety net that will leave nearly 12 million more Americans without health coverage and millions of others without food assistance, according to the nonpartisan Congressional Budget Office. Indeed, in political battlegrounds across Alaska and Iowa, Pennsylvania and California, Democrats have already begun to use Trump's bill to bludgeon their Republican rivals. Democrats are promising that the package Trump's biggest domestic policy achievement

Trump announces Big Beautiful Bill signing celebration, says party united

The $3.4 trillion fiscal package was passed with a 218-214 vote in the House. It aims to cut taxes, limit spending on safety-net programmes

IMF says US tax, spending bill runs counter to deficit-cutting advice

Bessent, who manages the US stake, has criticized the Fund for straying too far from its core economic stability and surveillance missions

Senate Republicans unveil new tax-cut plan, slash health coverage for poor

The bill would preserve Trump's first-term tax cuts and create several new breaks that he championed on the campaign trail - including eliminating taxes on tips

Rupee gains 13 paise, briefly strengthens past 85/$ during session

Indian Rupee today: The domestic currency closed 13 paise stronger at 85.09 against the US dollar, after ending at 85.22 on Friday

Indian Rupee slips past 86 mark to close at over one-month low

Indian Rupee today: The domestic currency closed 37 paise lower at 86.01 on Thursday, marking its weakest level since April 11 this year

Senate holds late vote on GOP tax cuts, spending plan key to Trump agenda

Senators dived into a contentious late night or all-night debate Friday over a Republican budget plan that's central to President Donald Trump's agenda for trillions of dollars in tax breaks and boosts to border security and defense spending, all while slashing other government spending. It could not have come at a more difficult political moment. The US economy is churning over Trump's vast tariff scheme sent stocks plummeting, and experts are warning of soaring costs for consumers at home and threats of a potential recession. Even some Republicans have expressed concerns. But GOP leaders with a nod from Trump are determined to march ahead, pushing past a hardened line of opposition from Democrats, who are unified as they decry tax breaks for the wealthy at the expense of federal programs Americans rely on. Approval, expected by Saturday morning, would give Republicans the chance in coming months to muscle a tax cut bill through both chambers of Congress, just as they did in ...

Republicans say they are nearing deal on Trump's tax cuts, divided on cost

Republicans, who hold narrow majorities in the House of Representatives and Senate, have spent weeks trying to agree on a plan to cover the cost of extending the tax cuts

Explained: How FedEx cut its tax bill to $0 in fiscal year 2018

The company, like much of Corporate America, has not made good on its promised investment surge from President Trump's 2017 tax cuts

White House mulling tax cut, reviving tariffs to avoid recession: Report

Trump on Sunday pushed back against talk of a looming recession after a raft of US data reports last week gave a mixed outlook for the economy

US tax cuts, public spending increasing risks to the global economy: IMF

IMF Managing Director Christine Lagarde warned this week that clouds over the world economy are "getting darker by the day."

US tax cuts a bad idea now but will boost growth, help Fed hike rates: Poll

The Fed is likely to raise rates three times in 2018, in line with the central bank's own projections