GOP, House Republicans and Tax Bill
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Trump, House Republicans and Bill Belichick
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In addition to raising the endowment tax rate for the richest schools to as much as 21%, the bill hits schools with heavy foreign student enrollment.
Three key panels are addressing some of the thorniest issues poised to make or break the Republicans' massive bill for Trump's agenda.
WASHINGTON – House Republicans defended a bill that would enact sweeping tax cuts, raise the debt ceiling, and add restrictions to benefit programs during a heated marathon day of committee hearings on Capitol Hill.
TPC found that, on average, all income groups would benefit from the tax proposals. But more than two-thirds of the tax cuts would go to those making $217,000 or more.
The current version of the proposal calls for the state and local tax deduction cap to be hiked to $30,000, which a group of blue-state Republicans have said is a nonstarter.
House Republicans are proposing to bar most non-citizens from receiving taxpayer-funded benefits, including food stamps, in President Donald Trump’s “one
The Congressional Budget Office estimates the cuts will lead to 8.6 million people losing coverage over the next decade.
House Republicans are struggling to resolve key issues with President Donald Trump’s multi-trillion dollar tax package after weekend talks, including a change in the deduction cap for state and local taxes and a potential hike in the rate for high earners.
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