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House Republicans narrowly pass Trump’s big bill of tax breaks and program cuts after all-night session
- The Republican-controlled House of Representatives narrowly passed a multitrillion-dollar tax and spending bill on Thursday after an all-night session in Washington, D.C.
- The bill, driven by Speaker Mike Johnson and President Donald Trump, aims to extend $4.5 trillion in tax breaks from 2017 and add new ones from Trump's 2024 campaign amid internal GOP divisions and Democratic opposition.
- Key elements include advancing the start of Medicaid work requirements to December 2026, increasing the state and local tax deduction fourfold to $40,000 for taxpayers earning up to $500,000, and implementing $1 trillion in federal spending cuts primarily by scaling back healthcare and nutrition assistance programs.
- The bill passed 215-214 after last-minute concessions and warnings from Trump, with the nonpartisan CBO estimating a $3.8 trillion increase in deficits and 8.6 million fewer people with healthcare coverage.
- The legislation reflects a major GOP agenda item but raises concerns over rising debt, estimated at $36 trillion, and faces likely changes in the Senate amid staunch Democratic opposition labeling it a 'big, ugly bill.
665 Articles
665 Articles
House Passes Reconciliation Bill
(NAFB.com) – U.S. agriculture organizations reacted to the House of Representatives passing its reconciliation bill. “Farm Bureau applauds the legislation, which modernizes farm bill programs and extends and improves critical tax provisions that benefit farmers and ranchers,” said AFBF President Zippy Duvall. “Updated reference prices will also create some certainty for farmers struggling through tough economic times.” National Cattlemen’s Beef …
House Passes Bill That Would Devastate Health Coverage for Millions in Medicaid and Medicare
Today Republicans in the U.S. House of Representatives passed their sweeping reconciliation bill. It now heads to the Senate, with a goal of final passage this summer. Cuts to Vital Programs Would Pay for Administration Priorities The House-passed bill would extend and expand upon many of the tax cuts Republicans passed in 2017, boost spending on administration priorities like immigration enforcement, and raise the statutory debt limit by $4 tri…
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