House passes Trump's 'big beautiful' tax bill
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The bill, designed to carry out Trump’s agenda on taxes, immigration and energy, could have several implications for Connecticut.
For weeks conservatives had expressed concern about the legislation, which independent budget analysts say will add trillions of dollars to the U.S. debt load.
The 1,116-page bill the House passed early Thursday morning to enact President Trump’s ambitious legislative agenda faces a swarm of objections from Senate Republicans. GOP senators are calling
With opposition from moderates and fiscal hawks in both the House and Senate, passing Trump's "Big, Beautiful Bill" is an uphill battle.
Defying opposition within his ranks, House Speaker Mike Johnson insisted late Wednesday that Republicans would march ahead on their multitrillion-dollar tax breaks package after a lengthy White House meeting with GOP holdouts refusing to back the bill.
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The College Investor on MSN“No Tax On Tips” Bill Clears Senate With Zero OppositionKey Points ・The Senate unanimously passed the “No Tax on Tips Act,” allowing workers to deduct up to $25,000 in reported cash tips starting in 2025. ・The bill applies to individuals earning $160,000 or less and includes a defined list of tip-eligible occupations.
Rep. Mike Lawler backed legislation that would quadruple the SALT deduction on federal taxes from $10,000 to $40,000.
President Donald Trump moved Tuesday to end the quarrelling among various GOP factions and move his domestic-policy megabill toward passage, telling House Republicans behind closed doors that they need to unite immediately behind the “big, beautiful bill” their leaders have assembled.