Balanced Reporting. Trusted Insights. Thursday, June 25, 2026

Economy

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Senate GOP tax package extends business income deduction, expands expensing allowance

Clean fuels credit also extended, eligibility eased

The Senate Finance Committee on Monday released its tax and Medicaid provisions for the budget reconciliation bill that Republicans are trying to reach agreement on, and they extend expiring 2017 tax cuts and expand some other provisions of the law. The provisions also extend the 45Z tax credit for clean fuels.


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'All-American' summer barbecue breaks $100 barrier

Barbecue costs for Americans have reached a new high, according to the 2025 Rabobank BBQ Index. For the first time, the cost of a summer cookout will exceed the $100 threshold, with the index reporting the average cost to be $103 for a 10-person barbecue. This reflects a 4.21% increase from 2024, when the same barbecue cost $99, and a 41% increase from 2018, when the cookout was estimated to cost $73.


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