House Republicans Advance $5 Trillion Trump Tax Bill Amid Medicaid Cuts
House Republicans Advance $5 Trillion Trump Tax Bill Amid Medicaid Cuts

House Republicans Advance $5 Trillion Trump Tax Bill Amid Medicaid Cuts

News summary

House Republicans are pushing forward President Donald Trump's ambitious tax package, which includes more than $5 trillion in tax breaks alongside significant cuts to Medicaid, food stamps, and green energy programs. Despite marathon overnight committee sessions and strong opposition from Democrats, advocacy groups, and some Republicans, GOP leaders aim to pass the legislation by Memorial Day. The bill seeks to extend and enhance 2017 tax cuts while adding new provisions such as no taxes on tips, Social Security income, and car loan interest. Democrats have vigorously opposed the plan, highlighting the potential loss of healthcare and welfare benefits, while protests erupted during committee hearings, including arrests of some demonstrators. GOP leaders face internal challenges, with conservative Republicans criticizing Medicaid reforms as insufficient and members from high-tax states demanding adjustments to state and local tax deductions. Ultimately, the package must still overcome remaining hurdles, including securing enough Republican votes without Democratic support, before moving to the Senate for consideration.

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Last Updated
17 days ago
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