House Republicans Unveil Sweeping Tax Breaks in Trump's Priority Bill
The package, which includes cuts to Medicaid and green energy programs, is expected to cost at least $4.9 trillion over the decade
Reported 4 hours ago
House Republicans have proposed sweeping tax breaks in President Donald Trump's priority bill, which includes cuts to Medicaid and green energy programs. The package, which is expected to cost at least $4.9 trillion over the decade, has sparked a heated debate over taxes, spending, and the nation's priorities.
The bill, which has been dubbed 'THE ONE, BIG, BEAUTIFUL BILL' by the House Ways and Means Committee, includes tax breaks for tipped workers, overtime pay, and Social Security benefits. It also proposes to boost the standard deduction and child tax credit, and increase the estate tax exemption.
However, the package has been met with opposition from some Republicans, who argue that cutting Medicaid and green energy programs will harm millions of Americans. The Congressional Budget Office has estimated that the proposals would reduce the number of people with health care by 8.6 million.
The bill is expected to be voted on by the House of Representatives in the coming weeks, and its fate is uncertain. Some Republicans have expressed concerns about the cost of the package, which is expected to add to the nation's deficits and debt.