GOP, tax and Beautiful Bill
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The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in part by slashing health, nutrition, education and clean energy programs.
House Republicans cleared a major hurdle over the weekend in advancing a sweeping package of President Trump’s tax proposals, along with significant spending cuts and reforms for key federal programs.
From taxes to Medicaid to immigration, the GOP's party-line bill would reshape the federal budget and affect millions of Americans.
Republican holdouts appear to have a deal with House GOP leadership to advance President Donald Trump's sweeping tax policy bill. The legislation will be tweaked to move up the implementation of Medicaid work requirements from 2029 to December of 2026;
At the center of the sweeping bill is trillions in tax cuts, which Republicans aim to partially offset through changes to safety net programs like Medicaid and SNAP.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
According to a 2022 CBO report, the baseline household income for Americans in the lowest tenth of the distribution is $32,200, after taxes and transfers. That figure increases to $444,600 for Americans in the highest tenth of the distribution.
With just days until Speaker Mike Johnson’s (R-La.) self-imposed Memorial Day deadline, House Republicans are warring over a host of critical issues that threaten to upend the GOP’s plan to pass