Trump's 'Big, Beautiful Bill' Hits the Senate

Trump's 'big, beautiful bill' hits new snag as billionaires launch fight

Yet another issue has cropped up for President Donald Trump's "big, beautiful bill" of tax cuts for the wealthy, reported Axios — billionaire sports owners have managed to get a tax hike that affects their industry axed from the Senate version of the bill.The repeal of tax breaks on "intangible assets" for sports teams, which passed the House in the bill, would mean certain owners could no longer deduct expenses like player contracts or media ri…

Trump's 'Big, Beautiful Bill' Hits the Senate

Trump’s Tax Bill Hits Snag as Billionaire Sports Owners Win Big

Key Takeaways: The Senate removed a tax break repeal affecting sports teams, benefiting billionaire owners. The repeal would have impacted future owners and raised $1 billion. Influential sports owners lobbied successfully against the change. This creates a conflict between House and Senate versions of the tax bill. Deeper Medicaid cuts in the Senate version may pose challenges for Republican support. Trump’s Tax Bill Hits a Speed Bump Thanks t…