Trump, Tax Bill
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Republican-backed legislation now winding its way through the House includes a number of tax breaks promised by President Trump during the campaign, such as eliminating taxes on worker tips and overtime pay,
Wealthy Americans and business investors are among the big winners in GOP draft tax legislation, while immigrants and elite universities get hammered.
The House Ways and Means Committee advanced its tax portion of President Donald Trump’s ‘big, beautiful bill.’ Here’s what’s in it and what’s holding up others.
9hon MSN
House Republicans are eyeing a vote on the final package before Memorial Day, even as they have yet to reach consensus on several key issues.
The Republican tax bill looks very different depending on your income—and your political lens.
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It targets several clean energy tax credits implemented under the Democratic reconciliation bill passed under President Joe Biden, including eliminating tax credits for electric vehicles, credits for clean energy home investments, and sunsets tax credits for certain types of renewable energy production.
Kevin O'Leary dubs the reconciliation bill as a "big, ugly piece" of legislation, putting a new provision that gives the IRS "unprecedented" new powers in his crosshairs.