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.

Under the plan, states would take on some financial responsibility for SNAP, and the size of the costs they take on would be tied to the error rate.

The House Ways and Means Committee on Monday released a fuller version of its part of the party’s bill full of President Trump’s legislative priorities, kicking off what is expected to be a

It targets several clean energy tax credits implemented under the Democratic reconciliation bill passed under President Joe Biden, including eliminating tax credits for electric vehicles, credits for clean energy home investments, and sunsets tax credits for certain types of renewable energy production.

WASHINGTON (AP) — House Republicans proposed sweeping tax breaks Monday in President Donald Trump’s big priority bill, tallying at least $4.9 trillion in costs so far, partly paid for with cuts to Medicaid and green energy programs used by millions of Americans.

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.

A new GOP tax bill could let the Treasury Secretary revoke nonprofit status putting Public Service Loan Forgiveness at risk for thousands of student loan borrowers

Nevertheless, a new letter sent Monday from the CBO to committee Chairman Brett Guthrie confirms that the panel's legislative recommendations, released late Sunday, would meet its lofty target for $880 billion of savings over the next decade.