Taxes May 20, 2025
Republican leaders had hoped the high-profile presidential visit would close deal on Trump-backed “big, beautiful” filibuster-proof reconciliation bill Tuesday.
Taxes May 20, 2025
President Trump headed to Capitol Hill Tuesday to push squabbling Republican members of Congress in person to set aside differences and pass his sprawling budget bill.
Taxes May 19, 2025
House Republican leadership is pressing ahead toward a vote on landmark tax-and-spending legislation that would codify President Donald Trump’s agenda this week.
Taxes May 19, 2025
House Republicans have included a proposal in their tax bill to provide a $4,000 federal income tax deduction for lower- and middle-income seniors 65 and over.
Taxes May 18, 2025
“Allowing the top tax rate to expire—returning from 37% to 39.6% for individuals earning more than $609,350 and married couples earning more than $731,200—breathes $300 billion of new life into the effort." Rep. Nick LaLota posted on X.
Taxes May 16, 2025
Although Clyde and other conservatives support the tax cuts in this package, they said they worry that the GOP plan doesn’t go far enough to cut spending and change how Medicaid works.
Taxes May 16, 2025
House Republican leaders couldn’t nail down the votes needed to advance the GOP’s giant budget reconciliation bill out of the Budget Committee on Friday in the face of opposition from a handful of hard-line Freedom Caucus members.
Taxes May 16, 2025
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s “One, Big, Beautiful Bill.”
Taxes May 15, 2025
Rep. Mike Lawler traded insults with fellow Republican Rep. Marjorie Taylor Greene in a nasty online spat over his push for a higher cap on deducting state and local taxes.
Taxes May 14, 2025
The draft framework put out Monday by the Ways and Means Committee takes aim at billions of dollars of incentives in the Inflation Reduction Act, including tax credits for electric vehicles and solar and wind projects.
Taxes May 14, 2025
House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump’s economic package.
Taxes May 13, 2025
New York Reps. Mike Lawler and Nick LaLota say they plan to vote against the president’s tax cuts package because it only includes an increase in the SALT cap to $30,000, too low for the middle-class and affluent communities they represent.