House passes Trump's 'big beautiful' tax bill
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After a meeting with Trump and conservative holdouts, Speaker Mike Johnson said he planned told hold a floor vote Wednesday night or Thursday morning.
Connecticut’s congressional delegation joined opposition to House Republicans’ “big beautiful bill” designed to carry out President Donald J. Trump’s agenda
WASHINGTON (AP) — The multitrillion-dollar tax breaks package passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago while supporting increased mining, drilling and other traditional energy production.
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In today’s edition … How Medicaid cuts could directly affect more than just House races ... Democrats’ plans for Trump’s crypto dinner … A remembrance of Gerry Connolly.
The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,
Others could see their monthly benefits reduced if the bill were to become law, according to the nonpartisan Congressional Budget Office.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.