Trump's Big Tax Bill Clears The House
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The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
House and Senate leaders are broadly aligned on the tax bill and have been meeting regularly to avoid points of conflict. But Senate Republicans made clear the compromise, a product of frenzied last-minute negotiations, must be negotiated again after it passed the House by a single vote on Thursday.
House Republicans are jubilant about muscling through President Donald Trump’s “big, beautiful” tax and immigration package by a single vote.
The annual national registration fee would be $250 for electric vehicles and $150 for hybrids. The fee will rise over time based on inflation. Currently, by avoiding a gas tax, sales of those cars reduce the amount of money that funds interstate highways,
The sweeping bill passed by House Republicans would effectively repeal key tax credits that have supported the rapid growth of solar power in the U.S. The solar industry warns the bill would result in job losses,
Millions of low-income Americans, including families with children, could lose their food stamp benefits under House Republicans’ newly passed tax and spending cuts package, according to a Congressional Budget Office analysis released Thursday.
Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.