Steven Dennis

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Articles

Trump Tax Bill Holdouts Lured With SALT Hike, Medicaid Cuts (2)

2 weeks ago | news.bloombergtax.com | Steven Dennis |Ari Natter |Erik Wasson |Emily Birnbaum

House Republican leaders released a new version of President Donald Trump’s massive tax and spending bill with a higher limit on the deduction for state and local taxes and other changes in a bid to win over warring GOP factions to support the legislation. The updated legislation released Wednesday night also would speed up cuts to Medicaid and elimination of Biden-era clean energy tax breaks, a demand of hardline conservatives.
Air Force Leader Warns Spectrum Bands Are Crucial to Radar (1)

2 weeks ago | news.bgov.com | Oma Seddiq |Steven Dennis |Tony Capaccio |Roxana Tiron

The US Air Force would find it “almost impossible” to vacate certain bands of radio waves used primarily for radars, the service’s new secretary said, hours before President Donald Trump doubled down on plans for a spectrum sale. Secretary Troy Meink’s statements Tuesday before the Senate Armed Services Committee likely will fuel the opposition of defense hawks’ plans that aim to auction portions of the electromagnetic spectrum to raise money for a massive GOP tax package.
Trump Tax Bill Advances After Deal for Faster Medicaid Cuts (2)

2 weeks ago | news.bloomberglaw.com | Emily Birnbaum |Jarrell Dillard |Steven Dennis |Erik Wasson

May 19, 2025, 1:52 PM UTC Emily Birnbaum Bloomberg News Jarrell Dillard Bloomberg News Steven T. Dennis Bloomberg News Erik Wasson Bloomberg News Representative Chip Roy, a Republican from Texas, speaks to members of the media on Capitol Hill in Washington, DC. Photographer: Stefani Reynolds/Bloomberg A key House committee advanced President Donald Trump’s giant tax and spending package after Republican hardliners won agreement from party leaders to speed up cuts to Medicaid health coverage.
Trump Tax Bill Advances After Deal for Faster Medicaid Cuts (2)

2 weeks ago | news.bloomberglaw.com | Emily Birnbaum |Jarrell Dillard |Steven Dennis |Erik Wasson

May 19, 2025, 1:52 PM UTC Emily Birnbaum Bloomberg News Jarrell Dillard Bloomberg News Steven T. Dennis Bloomberg News Erik Wasson Bloomberg News Representative Chip Roy, a Republican from Texas, speaks to members of the media on Capitol Hill in Washington, DC. Photographer: Stefani Reynolds/Bloomberg A key House committee advanced President Donald Trump’s giant tax and spending package after Republican hardliners won agreement from party leaders to speed up cuts to Medicaid health coverage.
Trump Tax Bill Advances After Deal for Faster Medicaid Cuts (2)

2 weeks ago | news.bloombergtax.com | Emily Birnbaum |Jarrell Dillard |Steven Dennis |Erik Wasson

A key House committee advanced President Donald Trump’s giant tax and spending package after Republican hardliners won agreement from party leaders to speed up cuts to Medicaid health coverage. The vote in the House Budget Committee paves the way for passage of the legislation as soon as Thursday, House Republican leadership aides said Monday.
Trump’s Crypto Project Pushes Back on Senate Inquiry (1)

3 weeks ago | news.bloomberglaw.com | Teresa Xie |Steven Dennis

Attorneys for Donald Trump’s World Liberty Financial crypto project pushed back against claims about potential conflicts of interest raised by the Democratic head of a Senate investigative subcommittee. “The company has exercised rigorous diligence to ensure compliance with applicable legal and regulatory obligations at every stage,” World Liberty lawyers wrote in a letter dated May 15.
Trump’s Crypto Project Pushes Back on Senate Inquiry (1)

3 weeks ago | news.bloomberglaw.com | Teresa Xie |Steven Dennis

Attorneys for Donald Trump’s World Liberty Financial crypto project pushed back against claims about potential conflicts of interest raised by the Democratic head of a Senate investigative subcommittee. “The company has exercised rigorous diligence to ensure compliance with applicable legal and regulatory obligations at every stage,” World Liberty lawyers wrote in a letter dated May 15.
French Hill Concerned Over Tariffs, Urges Targeted Approach (1)

2 months ago | news.bloombergtax.com | Lydia Beyoud |Steven Dennis

House Financial Services Chairman French Hill said across the-board-tariffs don’t always come with a measurable goal, signaling reservations about the Trump administration’s far-reaching levies that were unveiled this week. “I always have concerns about those,” the Arkansas Republican said about across-the-board tariffs in an interview with Bloomberg News. WATCH: Rep. Hill favors targeted tariffs.
US Averts Government Shutdown as Senate Passes GOP Spending Bill

2 months ago | news.bloombergtax.com | Erik Wasson |Billy House |Steven Dennis

The Senate passed a Republican spending plan Friday, averting a US government shutdown hours before a midnight deadline while exacerbating a furious struggle within the Democratic party over how to confront Donald Trump. Senate Democratic leader Chuck Schumerand a handful of other Democrats helped the Republican majority overcome a crucial procedural obstacle and pave the way for the funding’s approval.
Trump’s Call for Chips Act Repeal Spurned by Key US Lawmakers

Mar 5, 2025 | news.bloomberglaw.com | Steven Dennis |Mackenzie Hawkins

Schumer sees Trump failing in bid to end $52 billion programGOP lawmakers open to changes, not full revocation of 2022 lawUS lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected President Donald Trump’s call to revoke the 2022 Chips Act, signaling that any repeal effort in Congress would fall short.