The House of Representatives has adopted a resolution that will eventually become a massive multi-trillion-dollar bill full of President Donald Trump's priorities on the border, defense, energy, and taxes. The resolution was passed by a vote of 217-215, a significant victory for the House GOP leadership. Thomas Massie (R-Ky.), a Republican rebel who is concerned with the … [Read more...] about The House Votes to Pass the Trump Budget Bill With Tax Cuts of $4.5 Trillion
tax cuts
Senate GOP Advances $340 Billion Budget, Sidelines Trump’s $4.5 Trillion Tax Cuts
Early Friday morning, the Senate passed the Republican Budget Bill, which promoted the immigration, energy, and defense policies of President Donald Trump, despite Trump’s preference for the House of Representatives’ version of the bill, which included trillions of dollars in tax cuts. The Senate's narrower solution represents the Republican's biggest legislative win since … [Read more...] about Senate GOP Advances $340 Billion Budget, Sidelines Trump’s $4.5 Trillion Tax Cuts
Democrats May Include Tax Cut That Benefits Wealthy Americans In Biden’s Huge Spending Plan
A group of Democrats seek to repeal the Trump-era limit to state and local tax deductions, adding that it is a part of President Biden’s signature spending plan. It sets up a battle with progressive Democrats who claim that doing so would result in a massive tax cut for those at the top. The so-called SALT deductibility cap, which will expire in 2026, restricts the amount of … [Read more...] about Democrats May Include Tax Cut That Benefits Wealthy Americans In Biden’s Huge Spending Plan