US EditionHouse Tax Bill Calls for $30,000 SALT, Omits Millionaire Tax
- On May 12, 2025, House Republicans introduced a major tax relief bill aligned with President Trump’s agenda, aiming to deliver extensive tax cuts largely financed by reductions to Medicaid, food assistance, and green energy programs.
- The bill seeks to extend Trump-era tax breaks and includes a tripled SALT deduction, boosts to the standard deduction and child tax credit, amid internal GOP disputes over Medicaid cuts.
- The package includes at least $4.9 trillion in tax breaks partly funded by $880 billion in mostly Medicaid and green energy cuts, potentially cutting health coverage by 8.6 million people per CBO estimates.
- Senator Josh Hawley criticized efforts to reduce Medicaid funding in order to finance tax cuts, calling such moves ethically indefensible and politically damaging, while Trump called for Republican solidarity, posting on social media that the party must come together ahead of his trip to the Middle East.
- The bill’s implications include heightened political debate over national priorities, resistance from lawmakers in high-tax states over the SALT increase, and new food aid work requirements raising costs to states.
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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