Trump, bill and Tax cut
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House GOP leaders are scrambling to put the finishing touches on their massive GOP tax and spending cuts package, in hopes of passing President Donald Trump’s “big, beautiful bill” later this week and sending it over to the Senate.
President Trump will attend the weekly conference on Tuesday, marking the first time he’s joined the in-person meeting since being sworn in.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
Republicans will look to get their massive tax cut and border security package back on track during a rare Sunday night committee meeting
Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some questioning the motive behind the change and others depicting it as a warning that lawmakers should heed as they wrestle with a sweeping tax and budget bill.
Some Republicans in Lansing acknowledge the state can't absorb a major reduction in federally-funded programs.
Days before Republicans unveiled their sweeping tax cut plan, the chairman of the powerful Ways and Means Committee had one last person to consult. He went to the White House.
Investment fund managers pay 23.8% tax on carried interest, which is the profits they make from assets like stocks and bonds. Even though it makes up most of their earnings, it's treated as a return on investment rather than typical income,