Trump, Republicans and bill
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As the Republican Party’s signature economic bill heads to the Senate after being passed by the House, one of the key sticking points is a cap on state and local tax deductions that hits Americans in high-tax states especially hard.
Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 years, according to the CBO.
The massive fiscal legislation passed in the House last week would permanently lower individual income tax rates, giving Republicans a major advantage in their decadeslong tax war.
Democrats say the bill disproportionately benefits the wealthy and will take a deep bite out of social programs, but Republicans are invoking special budget rules to pass the package without their support.
House Republicans are in the final rounds of negotiations over a sweeping budget plan that has been significantly influenced by President Donald Trump's priorities
"We don't need 'GRANDSTANDERS' in the Republican Party. STOP TALKING ... the full repeal of green energy tax cuts implemented by Democrats. As written, the bill would add trillions of dollars ...
Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some questioning the motive behind the change and others depicting it as a warning that lawmakers should heed as they wrestle with a sweeping tax and budget bill.
WASHINGTON — Days before Republicans unveiled their sweeping tax cut plan ... should pass “one powerful bill” that would tackle all of the party’s priorities instead of splitting the ...
The House GOP campaign arm is targeting Democrats holding politically risky seats for opposing the "One Big Beautiful Bill Act."