The measure, passed by the House, would roll back incentives for people to buy electric vehicles and for automakers to make them in the U.S.

U.S. stock index futures were muted on Friday as investors were risk-averse after President Donald Trump's tax and spending bill won a crucial House vote the previous day, raising concerns about the country's deteriorating fiscal outlook.

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out over $500,000.

Speaker Mike Johnson (R-Louisiana) finished negotiating with warring factions of the House GOP conference late Wednesday and began alerting lawmakers about the final changes to Trump’s One Big Beautiful Bill. Votes could come in the wee hours Thursday morning.

WASHINGTON (AP) — The multitrillion-dollar tax breaks package passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago while supporting increased mining, drilling and other traditional energy production.

Unsure of how to pay off your IRS debt? Asking these key tax relief questions now could help you find a solution.

Brazil’s Finance Ministry scrapped plans to tax transfers to offshore funds only hours after the announcement of the levy led to a selloff in the currency.

The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,