GOP, tax bill and U.S. deficit
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Trump, Republicans and Tax Cut
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House Republicans advanced the bill late Sunday, but budget analysts across the political spectrum warn that the proposal worsens the U.S. fiscal picture.
The approval on May 18 advances the measure toward possible passage in the House of Representatives later this week.
The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.
WASHINGTON (Reuters) -The White House urged every Republican in the House of Representatives and Senate on Monday to support President Donald Trump's sweeping tax bill, which won approval from a key congressional committee on Sunday.
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Trump's big beautiful bill gets crucial vote to move on. What to know about reconciliation bill details: no tax on tips, overtime or Social Security.
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.
House Republicans are in the final rounds of negotiations over a sweeping budget plan that has been significantly influenced by President Donald Trump's priorities.
House GOP leaders worked through the weekend to win over a quartet of fiscal conservatives who voted last week to block Trump’s Big Beautiful Bill.
The Texas Republican let President Donald Trump's bill clear a key committee vote Sunday but says he wants more cuts to Medicaid and clean energy subsidies.
Even though most Americans may see lower taxes, Republicans’ spending cuts could outweigh those benefits and leave some worse off.
Trump will personally try to keep the House GOP conference united on the tax and immigration bill, his press secretary says.