One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on Social Security benefits.

WASHINGTON (AP) — Senate Republicans on Monday proposed deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump’s tax breaks more permanent in draft legislation unveiled for his “big, beautiful bill.”

The Senate version of the bill includes a provision that would fully phase out both solar and wind power tax incentives by 2028. It does, however, keep incentives for nuclear, hydropower and geothermal energy for longer.

The GOP-controlled Legislature failed this spring to adopt its own most-ambitious proposals or those of Republican Gov. Ron DeSantis when it came to tax relief for residents.

Hungary is targeting a budget deficit of 3.7% of output next year, compared with an estimated 4.1% gap in 2025. The European Commission sees the shortfall at 4.6% this year, rising to 4.7% in 2026.

EDP ​​Renovaveis , the world's fourth-largest wind energy producer, will stick to its goal of installing up to 1.75 gigawatts of new capacity in the U.S. by the end of 2026 even if tax credits for renewables are phased out,

Included in a Republican tax cut plan advancing in the Legislature is a provision to shield some retirement income from Wisconsin income taxes.

How it works is homeowners can shave $140,000 off the taxable value of their home when paying school district property taxes. In theory, a home worth $140,000 would no longer be required to pay school property taxes, which often make up the largest portion of a homeowner’s tax bill.