US EditionHouse Republicans narrowly pass Trump’s big bill of tax breaks and program cuts after all-night session
- House Republicans narrowly passed a multitrillion-dollar tax breaks and spending cuts bill early Thursday in Washington, D.C., following an all-night session.
- The bill, a priority for President Trump, arose after intense negotiations to extend $4.5 trillion in tax breaks from 2017 and to add new ones from his 2024 campaign promises.
- Key measures include requiring able-bodied adults without dependents on Medicaid to complete 80 hours of work or community service monthly, increasing the SALT deduction limit to $40,000, and raising the child tax credit amount to $2,500.
- The bill passed by a 215-214 vote, with Speaker Johnson calling it a move to get Americans back to winning and the CBO estimating it will reduce spending by $1 trillion but increase deficits by $3.8 trillion over a decade.
- The legislation faces staunch Democratic opposition calling it harmful, while Republicans see it as fulfilling voter mandates, though it will likely undergo significant Senate changes amid concerns over debt and coverage losses.
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665 Articles
House Passes Reconciliation Bill
(NAFB.com) – U.S. agriculture organizations reacted to the House of Representatives passing its reconciliation bill. “Farm Bureau applauds the legislation, which modernizes farm bill programs and extends and improves critical tax provisions that benefit farmers and ranchers,” said AFBF President Zippy Duvall. “Updated reference prices will also create some certainty for farmers struggling through tough economic times.” National Cattlemen’s Beef …
House Passes Bill That Would Devastate Health Coverage for Millions in Medicaid and Medicare
Today Republicans in the U.S. House of Representatives passed their sweeping reconciliation bill. It now heads to the Senate, with a goal of final passage this summer. Cuts to Vital Programs Would Pay for Administration Priorities The House-passed bill would extend and expand upon many of the tax cuts Republicans passed in 2017, boost spending on administration priorities like immigration enforcement, and raise the statutory debt limit by $4 tri…
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