Trump, House Republicans and bill
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Senate Republicans will put their "imprint" on the bill, as Senate Majority Leader John Thune of South Dakota put it, and some pointed to changes to Medicaid as a possible red line for those who are undecided.
Multiple independent analyses say the recently passed House reconciliation bill -- even with its deep spending cuts in some areas -- would add trillions of dollars to the federal deficit over 10 years.
The budget reconciliation bill passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago.
In a phone call, Smith told the Washington Examiner that he expects only marginal changes from the Senate, which is now tasked with passing the legislation.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out over $500,000.
House Republicans have reconvened for a potential all-night session on their multitrillion-dollar tax breaks package
House Republicans push through Trump’s tax bill after all-night session, despite CBO warning it could add $3.8 trillion to the federal deficit.
The U.S. House passed Republicans' sweeping tax bill early May 22, pushing forward a provision that could temporarily eliminate taxes on tips. While all Democrats and two Republicans voted against ...