GOP, tax bill and Republicans
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The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
Rep. Derrick Van Orden (R-Wis.) said Democrats are "lying" about the sweeping GOP plan to cut $1 trillion from federal health and food programs.
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
The Republican-led House of Representatives has passed a sweeping budget package that would fulfill many of President Donald Trump's priorities. The Republican-led Senate next takes up the package, with significant changes likely.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching $1 trillion a year – on par with proposed Defense spending.
Senate Republicans are planning to have the last word. The legislation that passed the House early Thursday made a number of changes impacting clean energy tax credits under Democ