A CNBC Special Report looks into the possible impacts the “one big, beautiful” bill could have on higher education, charitable giving and the deficit.

A new law ends solar and wind tax credits by 2027, forcing developers to accelerate projects or risk losing key Inflation Reduction Act incentives.

Donald Trump's signature campaign promise to extend his first-term tax law became reality when he signed a sweeping tax and spending bill July 4. Trump had pitched his overall tax vision during the 2024 campaign as "a middle-class, upper-class, lower-class, business-class big tax cut."

The Republican tax bill included $150 billion for defense, but the Pentagon has asked Congress for $1 trillion. The NDAA will likely dredge up new policy fights, from anti-drone systems to making it harder for the U.S. to withdraw troops from Europe.

NRCC begins nationwide digital ad campaign touting the 'one big, beautiful bill' that extends Trump's tax cuts and eliminates taxes on tips, while Democrats criticize Medicaid changes.

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.

Grinnell College would have been the only Iowa school affected by a tax increase on colleges with large endowments in President Donald Trump's budget.

The tax benefit, which revives a provision of the 2017 tax cuts, only applies to business jets, not jets used for personal use.