House, Republicans and corporate tax rate
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The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
The Republican-led House of Representatives has passed a sweeping budget package that would fulfill many of President Donald Trump's priorities. The Republican-led Senate next takes up the package, with significant changes likely.
Thursday morning's vote is already at the center of ads in swing districts, as Democrats and Republicans battle for control of the House in the midterm elections.
The multitrillion-dollar GOP tax bill would have detrimental impacts on sustainability efforts in the U.S., according to experts.
House Republicans are pushing a plan to tax money transfers sent by foreigners residing in the U.S. to friends and
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and local taxes, or SALT. The deduction, now capped at $10,000, would rise to $40,000 for those with taxable incomes of less than $500,000.
Senate Republicans are planning to have the last word. The legislation that passed the House early Thursday made a number of changes impacting clean energy tax credits under Democ
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