Trump’s New Tax Cuts Could Shower Americans With Cash, for Now
Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.
It Is Happening Every Day, Every Where
Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.
Three key committees advanced legislation that would combine into the “one big beautiful bill” to enact President Trump’s agenda. But the package faces a rocky path in Congress.
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
G.O.P. leaders are exploring cuts to federal aid, leaving some states fearful that their budgets cannot absorb billions of dollars in new costs.
Limiting funding for SNAP could help defray the costs of President Trump’s tax plans, but could result in millions of low-income families losing access to aid.
With a crucial week looming in the House, the G.O.P. is groping for ways to achieve savings without provoking a political backlash. It’s a little tricky.
House Republicans rolled out the first pieces of a roughly $4 trillion tax cut they hope to pass, including measures that would last just for President Trump’s term.
The president’s stated opposition to cutting the program has put Republicans laboring to enact his domestic agenda in a bind.
A small group of Republicans are threatening to torpedo President Trump’s agenda over the state and local tax deduction, long a headache for both parties.
Days after he privately encouraged Speaker Mike Johnson to increase tax for the wealthy in a bill to fulfill his agenda, he publicly said it could be a bad idea, one that was ‘OK’ with him.