US EditionRepublicans to reveal whether they will advance tax hike on the wealthy
- This week, the House GOP is set to disclose whether their new tax-cut proposal will include tax increases for the wealthy, deviating from longstanding party policies.
- The tax legislation builds on Trump's 2017 law and is driven by debates over tax rate changes, spending priorities, and the increase of the child tax credit.
- The bill would raise the child tax credit from $1,000 to $2,500 through 2028, propose a state and local tax deduction increase to $30,000, and fund higher spending on military and border security.
- President Trump has privately urged increasing taxes on the wealthy, while House fiscal hawks push for deep spending cuts potentially up to $2 trillion to offset costs.
- The outcome remains uncertain as moderates resist cuts to safety-net programs and Democrats warn the legislation could harm vulnerable populations, risking the bill's passage in the House.
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Republicans to Reveal Whether They Will Advance Tax Hike on Wealthy
With President Donald Trump's suggestion to raise taxes on the rich, which would break with decades of party orthodoxy, Republicans in Congress are expected this week to reveal whether they are willing to go ahead.
·Washington, United States
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Yes, Republicans Should Absolutely Raise Taxes On The Rich
·Washington, United States
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Total News Sources7
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
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R 29%
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