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House Republicans on the Ways and Means Committee voted their tax legislation out of committee on Wednesday, moving one step closer to enacting a sweeping fiscal package that would enact much of President Donald Trump’s domestic agenda.
Tax breaks tallying more than $5 trillion. But also sizable reductions in Medicaid health care, food stamps for older Americans and green energy strategies to fight climate change.
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.
House GOP plows ahead to advance key components of its bill to fund Trump’s agenda -- including taxes and Medicaid cuts -- even as they remain at odds within.
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A proposal by Republicans in Congress would allow President Donald Trump's administration to remove the tax-exempt status of nonprofits that it says support terrorism.
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.
Key Senate Republicans are resisting the House’s plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies.
1don MSN
WASHINGTON (AP) — House Republicans revealed the sweeping tax provisions for President Donald Trump’s big bill Monday, tallying at least $4.9 trillion in costs so far, partly paid for with reductions to Medicaid and other programs used by millions of Americans.
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.
The House GOP has been engulfed in a MAGA firestorm after posting a message on X that was translated into Spanish. The official account was trying to signal that “every American” could benefit from Republican policies,
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