Trump's Big Tax Bill Clears The House
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Derrick Van Orden (R-Wis.) says Republicans aren’t actually cutting anyone’s federal health or food benefits in President Donald Trump’s sweeping tax bill — a plan that slashes $1 trillion from Medicaid and food assistance programs.
U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax deduction.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
There are certain elected officials who appear to have a certain orange hue about them," one Democrat scoffed at a tanning provision originally in the bill.
California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and local taxes, or SALT. The deduction, now capped at $10,000, would rise to $40,000 for those with taxable incomes of less than $500,000.
Millions of low-income Americans, including families with children, could lose their food stamp benefits under House Republicans’ newly passed tax and spending cuts package, according to a Congressional Budget Office analysis released Thursday.
We highlighted the substantive changes made by House Republicans to secure the support of several holdout members.
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