US EditionHere's How Much Money You'll Gain or Lose Under President Trump's Tax Bill
UNITED STATES, JUN 27 – House Republicans are divided over Senate revisions that remove key Medicaid cuts and alter tax provisions, with over 20 members opposing the bill due to deficit and policy concerns.
- House Republicans approved a major tax and policy package on May 22 that aims to make permanent the tax cuts enacted during President Trump's administration in 2017, while also introducing additional tax relief measures.
- The bill faces delays because Senate negotiators and the parliamentarian struck down several Medicaid and tax offset provisions, causing dissent among House Republicans.
- Key disputes include a $40,000 cap on SALT deductions, the provider tax funding Medicaid, and proposed Medicaid cuts, all amid efforts to meet Trump's July 4 self-imposed deadline.
- According to projections from the nonpartisan Congressional Budget Office, households in the lowest 10% of income are expected to lose approximately $1,600 annually, whereas those in the highest 10% could see gains of around $17,000 starting in 2026.
- The bill's progress remains uncertain as GOP factions remain divided, and over 20 House Republicans oppose the Senate changes, complicating passage before the July 4 deadline.
31 Articles
31 Articles
Trump’s Tax Plan Delivers Big Wins to the Wealthy, Cuts for the Rest in Major U.S. Cities
BLACKPRESSUSA NEWSWIRE — Dubbed the “One Big Beautiful Bill,” the legislation makes permanent and expands the 2017 Trump tax cuts. It raises the cap on the state and local tax (SALT) deduction from $10,000 to $40,000, temporarily ends taxes on tips and overtime pay, and increases the child tax credit by $500 through 2028. To offset the cost—estimated at $2.8 trillion over 10 years—the bill also slashes Medicaid and the Supplemental Nutrition Assi
Richmond Register
Rocky Mountain OutlookThe Latest: Overnight revisions put Trump’s big bill back on track
After the Senate parliamentarian advised that a Medicaid provider tax overhaul central to President Donald Trump’s tax cut and spending bill didn’t adhere to the chamber’s procedural rules, senators worked overnight to revise the bill to meet the president’s self-imposed…
Rep. Norman Puts Foot Down on Big, Beautiful Bill
Rep. Ralph Norman, one of the House of Representatives’ hard-line fiscal conservatives, is making it clear that he and a number of others in the House would have difficulty accepting any Senate “big, beautiful bill” that increases deficits. “If it’s more spending and more deficit spending, it’s a nonstarter,” Norman, R-S.C., told The Daily Signal Thursday evening. “We’ve got a group that are hard-liners with that. I’m one of them. The cancer in …
‘Big, beautiful bill’ contains severe cuts to programs for West Virginians with disabilities
CHARLESTON — The “One Big, Beautiful Bill Act” that is making its way through Congress contains big cuts for disability services in West Virginia — a state with the nation’s highest rate of people with disabilities.
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