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2 days ago | 
news.bloomberglaw.com | Rachel Zhang |Steven Dennis |Erik Wasson
Senate Republicans are considering cuts to Medicare spending to help pay for Donald Trump’s signature legislative package. The GOP lawmakers are proceeding cautiously as they expand their search for savings to a popular health insurance program nearly all Americans rely upon in retirement, presenting the move as an effort to root out waste, fraud and abuse. That includes cutting payments to health insurance companies that run private Medicare plans.
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2 weeks ago | 
news.bloomberglaw.com | Oma Seddiq |Steven Dennis |Tony Capaccio |Roxana Tiron
May 20, 2025, 6:41 PM UTC A United States Air Force officer monitors aircraft movements on a radar screen as the 48th Fighter Wing of the United States Air Force. The idea of auctioning spectrum, much of which is allocated now to the Defense Department, has long faced resistance in the Pentagon and from the department’s closest allies on Capitol Hill.
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3 weeks ago | 
news.bloombergtax.com | Oma Seddiq |Steven Dennis
Top Republicans are planning to auction $88 billion worth of radio spectrum to wireless broadband companies Verizon Communications Inc. and Elon Musk’s Starlink to help pay for their massive tax package — but the proposal faces stiff opposition from senators concerned about the potential impact to defense systems.
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3 weeks ago | 
news.bloomberglaw.com | Oma Seddiq |Steven Dennis
Top Republicans are planning to auction $88 billion worth of radio spectrum to wireless broadband companies Verizon Communications Inc. and Elon Musk’s Starlink to help pay for their massive tax package — but the proposal faces stiff opposition from senators concerned about the potential impact to defense systems.
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1 month ago | 
news.bloombergtax.com | Amara Omeokwe |Saleha Mohsin |Nancy Cook |Steven Dennis
Under relentless attack from President Donald Trump, Jerome Powell needs all the allies he can get — and he has plenty in Congress, including among Republicans who show little appetite for ditching the Federal Reserve chief. Collectively, GOP lawmakers have endorsed almost every other economic idea that second-term Trump has put forward.
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1 month ago | 
news.bloomberglaw.com | Amara Omeokwe |Saleha Mohsin |Nancy Cook |Steven Dennis
Under relentless attack from President Donald Trump, Jerome Powell needs all the allies he can get — and he has plenty in Congress, including among Republicans who show little appetite for ditching the Federal Reserve chief. Collectively, GOP lawmakers have endorsed almost every other economic idea that second-term Trump has put forward.
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1 month ago | 
news.bloombergtax.com | Steven Dennis |Ben Steverman
The Republican-led push to abolish the US estate tax has provoked opposition from a seemingly surprising source: financial advisers the wealthy pay to manage their money and keep down their taxes. Many of the country’s richest families, who spend handsomely to lessen the tax burden on their heirs, have fought unsuccessfully for decades to repeal the 109-year-old levy.
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2 months ago | 
news.bloombergtax.com | Emily Birnbaum |Steven Dennis
Arizona Senator Mark Kelly, a former Space Shuttle commander who used to work with Elon Musk’s SpaceX, has ditched his black Tesla Model S after publicly feuding with the world’s richest person in recent weeks. “I’m here in Washington driving to work for the last time in my Tesla,” Kelly, a Democrat, said Friday in a video posted on X, Musk’s social media platform. “When I bought this thing, I didn’t think it was going to become a political issue.
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Jan 29, 2025 | 
news.bloombergtax.com | Robert Langreth |Steven Dennis
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Jan 29, 2025 | 
news.bloomberglaw.com | Robert Langreth |Steven Dennis
Robert F. Kennedy Jr., President Donald Trump’s nominee to head the US Department of Health and Human Services, countered sharp criticisms from Democratic senators over his past questioning of vaccine safety by saying he would not stop anyone from getting polio and measles vaccines.
