US EditionTrump Tax Cut Extension Grinds to a Halt: Here's What It Might Cost You
- The proposed bill to extend President Trump's 2017 tax cuts failed a procedural vote on May 16 in the House Budget Committee in Washington.
- The failure resulted from opposition by five Republicans demanding deeper Medicaid cuts and repeal of green energy tax credits, as divisions persisted within the party.
- The bill would have extended tax cuts benefiting mostly high-income households, capped SALT deductions at $10,000, and imposed Medicaid work requirements starting in 2029.
- Nonpartisan estimates project the cuts would add about $3.7 to $4.5 trillion to the deficit over a decade and cause 7.6 to 8.6 million Americans to lose health coverage.
- This setback likely delays the legislation's House passage, with Speaker Mike Johnson aiming for a vote before May 26 amid ongoing GOP divisions.
32 Articles
32 Articles
Republicans reject Trump tax-cut bill after president calls for unity
President Donald Trump's sweeping tax bill failed in a procedural vote in a key congressional committee on Friday, as five Republicans rejected the package amid calls for deeper spending cuts, potentially delaying its passage in the House of Representatives.
Republicans block Trump tax-cut bill over spending demands | Honolulu Star-Advertiser
WASHINGTON >> President Donald Trump’s sweeping tax bill failed in a procedural vote in a key congressional committee today, as five Republicans rejected the package amid calls for deeper spending cuts, potentially delaying its passage in the House of Representatives.
Trump's tax bill and Biden's health: 'Grounded' podcast host Maritsa Georgiou weighs in
It's been a busy week in Washington. From GOP infighting over President Donald Trump's "big, beautiful bill," to talk what was known about former President Joe Biden's health before he dropped out of the 2024 presidential election. Maritsa Georgiou, host of the "Grounded" podcast, joined Scripps News to discuss the hot topics. Despite Republicans holding a majority on the House Budget Committee, President Trump's tax bill was turned down on Frid…
Hakeem Jefferies by Urging the CBO to Score the 10% Consumer Tax Cut Presents a Challenge to Trump’s Tax Cut.
(ThyBlackMan.com) The United States has the capacity and the tools to create a NEW Vision of how to help Americans, American workers, professional, blue collar, union, working-class Americans, and retired Americans. Tax Cuts are the key. Expanding our knowledge, and understanding tax cuts, and how they can work to the advantage of all Americans, is an unexplored area, by the public, and many policymakers. Tax cuts can create Jobs, and grow the …
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