Trump's Big Tax Bill Clears The House
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The multitrillion-dollar GOP tax bill would have detrimental impacts on sustainability efforts in the U.S., according to experts.
There are certain elected officials who appear to have a certain orange hue about them," one Democrat scoffed at a tanning provision originally in the bill.
Millions of low-income Americans, including families with children, could lose their food stamp benefits under House Republicans’ newly passed tax and spending cuts package, according to a Congressional Budget Office analysis released Thursday.
U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax deduction.
The measure, passed by the House, would roll back incentives for people to buy electric vehicles and for automakers to make them in the U.S.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
The cost for a 30-year fixed-rate mortgage crept up to levels not seen since February, reflecting bond market fears over Trump’s plan to pay for tax cuts with an estimated $3.8 trillion in new debt. “Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,