US EditionRepublicans Forge Their Tax Bill in Trump's Image, with 'MAGA Accounts' and More
- House Republicans, led by Speaker Mike Johnson and supported by President Trump, are advancing a sweeping $4 trillion tax bill including new MAGA accounts for children born 2025–2029.
- This bill emerged amid internal GOP divisions and Democratic opposition, with Trump urging unity by demanding lawmakers stop grandstanding and pass "one powerful bill" covering all priorities.
- MAGA accounts provide $1,000 initial government deposits, with parents able to add $5,000 annually into low-cost stock index funds accessible at age 18 for education or business uses; non-qualified withdrawals before age 30 incur a 10% tax.
- House Majority Leader Steve Scalise noted that Trump has taken a more active role this time in advancing the bill, and Rep. Jason Smith expressed that Trump is pleased with the progress they are making.
- If passed, the legislation would make permanent Trump-era tax cuts but reduce funding for social programs, suggesting significant policy shifts amid continued Republican unity and Democratic opposition.
82 Articles
82 Articles
Even Democrats might like MAGA accounts - West Hawaii Today
One of the more remarkable aspects of the MAGA ideology is how often it fulfills the left-wing policy wish list. The latest example is a proposal for so-called MAGA accounts, which House Republicans are currently considering as part of their $4 trillion tax bill.
Wisconsin State Journal
Even the Democrats might like MAGA accounts
One of the more remarkable aspects of the MAGA ideology is how often it fulfills the left-wing policy wish list. The latest example is a proposal for so-called MAGA accounts, which House Republicans are considering as part of their $4…
Republican lawmakers look to codify Trump policy to end leftist lawfare * WorldNetDaily * by Bradley Devlin, The Daily Signal
President Donald J. Trump on Feb. 5, 2025 (Official White House photo) FIRST ON THE DAILY SIGNAL—When courts issue wrongful injunctions, taxpayers are often left paying for the damage done to their own government. But Reps. Derek Schmidt, R-Kan., and Harriet Hageman, R-Wyo., are introducing a bill on Monday that aims to shift that burden from taxpayers to the plaintiffs seeking these injunctions, forcing the courts to enforce pre-existing federa…
Montana Standard
Even Democrats might like MAGA accounts
One of the more remarkable aspects of the MAGA ideology is how often it fulfills the left-wing policy wish list. The latest example is a proposal for so-called MAGA accounts, which House Republicans are considering as part of their $4…
EXCLUSIVE: Republican Lawmakers Look to Codify Trump Policy to End Leftist Lawfare
FIRST ON THE DAILY SIGNAL—When courts issue wrongful injunctions, taxpayers are often left paying for the damage done to their own government. But Reps. Derek Schmidt, R-Kan., and Harriet Hageman, R-Wyo., are introducing a bill on Monday that aims to shift that burden from taxpayers to the plaintiffs seeking these injunctions, forcing the courts to enforce pre-existing federal law. The legislation, titled the “Wrongful Injunction Accountability …
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