President Trump’s massive tax-and-spending bill continues the administration’s assault on racial and economic justice by prioritizing tax breaks for the top 1% while neglecting the economic well-being of poor and working families of all races,

President Trump’s “Big Beautiful Bill,” signed into law on July 11, 2025, introduces a significant change for gamblers starting next year. The law eliminates tax deductions for gambling losses, meaning gamblers will have to pay taxes on their winnings without being able to offset their losses.

Rebecca Rosenberger Smolen, left, and Amy Neifeld Shkedy, right, of Bala Law Group. Now that Congress has enacted the highly anticipated tax code changes sought by President Donald Trump in the “One Big Beautiful Bill Act,” we thought it was a good ...

The federal Qualified Small Business Stock (QSBS) exemption will soon cause 38 states plus the District of Columbia to lose $1.2 billion in annual tax revenue. The tax break, which was expanded in the 2025 federal tax law,

Colorado’s revenue dropped by $1.2 billion due to tax code changes in the One Big Beautiful Bill Act. Lawmakers altered some tax credits but left spending cuts up to Gov. Jared Polis.

New Mexico lawmakers are to open a special session Wednesday to boost funding for food assistance and rural health care — actions the Democratic governor contends are needed to “minimize the damage from President Trump’s disastrous bill” cutting federal taxes and spending.

President Donald Trump secured a major legislative victory when what he had been calling his "big, beautiful bill" became law in July. However, Trump and Republicans are now working to shift the messaging surrounding the bill ahead of next year's midterm ...

Gov. Janet Mills has directed the state tax assessor not to align Maine's tax code with provisions in the One Big Beautiful Bill unless directed by lawmakers, saying it will cost the state more than $400 million this year.

Massachusetts could lose out on $650 million in state revenue because of the tax breaks and spending cuts bill President Donald Trump signed over the summer, a massive budget shocker that could

President Trump’s order calling for a broad offensive against domestic terrorism groups — and the foundations the White House alleges support them — are bound to face legal and regulatory challenges,