Trump Tax Bill Advances
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White House, bill and Republicans
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New rules would restrict access to the low-income health insurance program, punish states covering undocumented children, and shift costs to states.
The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.
WASHINGTON (AP) — Republicans will look to get their massive tax cut and border security package back on track during a rare Sunday night committee meeting after that same panel voted against advancing the measure two days earlier, a setback that Speaker Mike Johnson is looking to reverse quickly.
Internal Republican divisions over President Donald Trump's massive tax and spending bill played out in at the Wisconsin GOP convention.
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House Speaker Mike Johnson said he believes House Republicans can reach a deal on Medicaid work requirements and pass President Donald Trump's tax bill by Memorial Day.
At the same time, their moderate counterparts desire greater tax relief for those states with higher state and local tax systems and more generous assurances for Medicaid coverage. Meanwhile, Democrats have been left on the sidelines,
Days before Republicans unveiled their sweeping tax cut plan, the chairman of the powerful Ways and Means Committee had one last person to consult. He went to the White House.
Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some questioning the motive behind the change and others depicting it as a warning that lawmakers should heed as they wrestle with a sweeping tax and budget bill.