Jun 17, 2025

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Business

Senate Republicans plan to modify the massive fiscal package to lower maximum deductions for state and local taxes and limit the impact of a "revenge" tax.




KC Chohan

Founder Together CFO

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Businesses and wealthy universities scored major wins in the Senate GOP version of Trump's tax bill, while low-income Americans and clean energy providers were hit hardest.

KC Chohan

Founder Together CFO

Private universities with at least 500 students that have endowments of $2 million per pupil or more would pay an excise tax of 8% under the new bill.

KC Chohan

Founder Together CFO

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