Republican tax law
Coverage of Republican tax law in the Nexus archive.
- US students face new loan rules
New federal student loan rules take effect, reducing repayment options and capping graduate and professional student borrowing at $100,000 and $200,000, respectively. A federal judge temporarily blocked part of the rule affecting healthcare professionals like nurse practitioners, citing potential workforce impacts. The changes, derived from a Republican tax law, require schools to demonstrate graduate earnings to maintain federal loan access.
- It’s Tax Day. Ahead of the deadline, 53 million filers used new Trump tax exemptions, Treasury says
The U.S. Treasury reports 53 million filers used Trump-era tax provisions in 2026, with significant numbers claiming specific deductions. Despite claims of tax savings, 70% of Americans still believe taxes are too high, while the IRS faces criticism over workforce cuts and data sharing practices.