House panel releases sweeping GOP tax bill

House Ways and Means Committee Releases Full Tax Bill for Markup

Following the release of the “skinny” Tax Cuts and Jobs Act (TCJA) on May 9th, 2025, the House Ways and Means has released the full version of its TCJA extension package for markup. The bill contains the same provisions as the earlier version (with a few slight changes), Trump’s tax proposals, and dozens of new “offsets” and other tax changes. Permanent Extension and Enhancement of TCJA Provisions The bill contains permanent extension of major c…

The Hill: House Panel Releases Sweeping GOP Tax Bill

“So far this costly bill appears to double down on trickle down, with huge tax cuts that will further enrich the rich and not much for the rest of us,” Amy Hanauer, director of the Institute on Taxation and Economic Policy, said in a statement in response to Friday’s version of the bill.

What’s Inside the GOP Tax Bill

The House Ways and Means Committee on May 12 released the tax policy portion of the GOP megabill to implement President Donald Trump’s sweeping agenda. The committee, which deals with taxes and other government revenue sources, is scheduled to meet on May 13 to mark up the bill in what will be a closely-watched hearing amid disagreements on aspects such as the State and Local Tax deduction, or SALT. The tax cuts are estimated to cost $3.7 trilli…

House panel releases sweeping GOP tax bill

The House Ways and Means Committee on Monday released a fuller version of its part of Republicans' bill full of President Trump’s legislative priorities, kicking off what is expected to be a showdown over the tax provisions in the sprawling measure. The 389-page measure, which is the centerpiece of the GOP’s megabill, is expected to draw howls from within the House GOP conference. In one of the most long-awaited details, the legislation increase…

House committee marks up tax bill

The House Ways and Means Committee held a hearing to mark up the "one, big beautiful bill" extending expiring provisions of the TCJA and adding other tax breaks.

Bonus Depreciation Set to Return in New Tax Bill

Treasury Secretary Scott Bessent recently announced that the return of 100 percent bonus depreciation is likely to be enacted in an upcoming tax bill, potentially creating significant opportunities for businesses considering aircraft purchases. On Monday, House Republicans unveiled President Donald Trump’s so-called “One, Big, Beautiful Bill,” a sweeping tax and spending package. It included the return of 100 percent bonus depreciation.  This ta…