Trump's 'Beautiful' Tax Bill
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Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
Republicans are trying to get a fiscal bill through the House this week. It’s a complex piece of legislation that includes tax cuts, spending increases, spending reductions and some tax hikes. In total,
U.S. Republican tax writers pushing through President Donald Trump's signature tax cut priorities proposed to eliminate a customer tax on firearm silencers, potentially undoing the almost 100-year-old tax.
The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.
House Republicans advanced the bill late Sunday, but budget analysts across the political spectrum warn that the proposal worsens the U.S. fiscal picture.
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Republicans who control the U.S. House of Representatives will try to nudge President Donald Trump's sweeping tax bill toward passage this week, despite a running battle over spending cuts and tax breaks that threatens to shatter their fragile majority.
Even though most Americans may see lower taxes, Republicans’ spending cuts could outweigh those benefits and leave some worse off.
Internal Republican divisions over President Donald Trump's massive tax and spending bill played out in at the Wisconsin GOP convention.