US EditionHouse Tax Bill Calls for $30,000 SALT, Omits Millionaire Tax
- In mid-May 2025, lawmakers in the House unveiled a major legislative package in Washington, D.C., focused on extensive tax relief measures aligned with President Donald Trump's agenda.
- The bill builds on tax cuts from Trump's first term and seeks to boost the standard deduction to $32,000 and the child tax credit to $2,500 for four years.
- To fund these tax breaks, which total around $4.9 trillion, the plan proposes at least $880 billion in savings primarily by reducing spending on healthcare services for low-income individuals, nutrition assistance, and incentives for renewable energy initiatives.
- A nonpartisan Congressional Budget Office estimate found the proposals could reduce health care coverage by 8.6 million people, while Sen. Josh Hawley called Medicaid cuts "morally wrong and politically suicidal."
- The bill has sparked intense debate over deficits and social welfare, with some House Republicans opposing Medicaid and green energy cuts, while Trump urged GOP unity to secure a legislative win.
184 Articles
184 Articles
AFP Applauds House Ways & Means Committee Ahead of Markup - Americans for Prosperity
Washington, DC—Today Americans for Prosperity (AFP), the nation’s premiere grassroots organization, commended the House Ways & Means Committee on the legislative text released yesterday, which permanently extends key provisions of the 2017 Tax Cuts and Jobs Act (TCJA), while also eliminating significant wasteful spending and crony giveaways from the Biden administration. AFP Chief Government Affairs Officer Brent Gardner recognized the hard work…
State and Local Tax Collections Per Capita by State, 2025
According to the latest economic data from the US Census Bureau, the average per capita state and local tax burden is $7,109. However, collections vary widely by state, reflecting differences in tax rates and bases, natural resource endowments, the scale and scope of taxable economic activity in each state, and residents’ political preferences.
College costs would soar for some low-income students under Republican bill
Nearly 4.5 million low-income college students would lose some or all of their federal financial aid if Republicans in the House get their way.That’s according to an analysis from the left-leaning Center for American Progress, shared exclusively with The Hechinger Report. The report looks at the ways a GOP House budget bill would affect Pell Grants, the federal financial aid program that covers college expenses for students from low-income famil…
Lawler: Current Tax Plan Won't Get My Vote Due to SALT, 'We Don't Have to Find a Dime' for SALT
On Monday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Mike Lawler (R-NY) stated that the current SALT provision in the Republican tax proposal “is just woefully inadequate.” And he would vote against the bill as it currently stands. He also The post Lawler: Current Tax Plan Won’t Get My Vote Due to SALT, ‘We Don’t Have to Find a Dime’ for SALT appeared first on Breitbart.
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