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Reconciliation and Rescissions Roil Congress
- Congress is debating the One Big Beautiful Bill Act, a major tax and spending proposal currently in the Senate after House approval.
- The bill seeks to make permanent the tax reductions enacted under President Trump's 2017 legislation and includes new measures such as expanded charitable contribution deductions, all while Senate negotiations and budget reconciliation efforts continue.
- The House plan raises the child tax credit to $2,500 and permits limited charitable deductions for taxpayers who do not itemize, whereas the Senate plan offers a smaller boost to the credit and establishes permanent, higher limits for charitable deductions.
- Analysis from the independent Congressional Budget Office indicates that while the bill would provide more resources to most households, it would also result in 10.9 million additional uninsured individuals and increase the deficit by $2.4 trillion; additionally, polling shows that 64% of Americans oppose the legislation.
- The legislation’s varying impacts on families and government programs suggest significant economic and political implications as Congress moves toward a final vote.
35 Articles
35 Articles
Reconciliation and rescissions roil Congress
Congress is struggling to complete action on President Trump's "One Big Beautiful Bill Act," known as the fiscal 2025 reconciliation bill, while the administration is considering whether to put its controversial funding cuts on the right side of the law.
GOP lawmaker fears 'Hakeem Jeffries will be Speaker' if Trump's bill is enacted
One Republican congressman confessed to a Fox News reporter that he's concerned the House GOP budget bill could kill them in the 2026 midterm elections. Speaking to Fox Business on Thursday, Rep. Mark Alford (R-MO) said that the legislation they're referring to as the "big, beautiful bill," in its c...
Ep. 78 – Record Number Say Nation is on Right Track; Voters Back Trump’s ‘One Big Beautiful Bill’ for Tax Relief and Border Security: Poll
Cygnal's Pulse Pod Ep. 78 - Record Number Say Nation is on Right Track; Voters Back Trump’s ‘One Big Beautiful Bill’ for Tax Relief and Border Security: Poll w/ Pollsters Brent Buchanan and Alex Tarascio - Join us for the latest episode of Cygnal's Pulse Pod as we dive into the most recent political trends and public opinion shifts that are reshaping America's political landscape. Our data-driven analysis reveals some surprising developments tha…
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