Trump, GOP and United States Senate
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U.S. Senate Republicans are working to pass a budget measure that they need to extend President Donald Trump's 2017 tax cuts -- and potentially cut other taxes -- while bypassing the objections of the...
From Reuters
Speaker Mike Johnson finally got House Republicans in line behind the Senate-approved budget blueprint — albeit on a 216-214 vote this morning — that opens the path for congressional Republicans to mo...
From Politico
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Republicans will now have to detail what specific programs they will cut, including potential changes to Medicaid.
The Senate budget proposal (SB 2500) totals $117.36 billion. The House proposal (HB 5001) has a bottom line of $112.95 billion and is linked to a $5.4 billion tax package (HB 7031) that includes reducing the overall state sales tax rate from 6% to 5.25%.
While the Senate and House diverted much passed dozens of bills this session, several big to-do's were left to the wayside as the 90-day session progressed.
Business owners could exempt up to $25,000 in computers, furniture and other company equipment from their taxes under legislation approved Wednesday by the Texas Senate. Senate Bill 32, by Sen. Paul Bettencourt,
A Republican drive to quickly pass President Donald Trump’s tax cut proposals and increase the US debt ceiling has been temporarily delayed by party infighting over federal deficits.
Some conservatives are also wary of congressional leaders looking to use the current policy baseline to factor the total amount of dollars the bill will add to the federal deficit. The current policy baseline allows lawmakers to essentially zero out the cost of extending Trump's 2017 Tax Cuts and Jobs Act (TCJA) because they are already in effect.
The price for Americans could be hefty if Trump’s tariffs stay in place and Congress doesn’t manage to extend his hallmark 2017 tax cuts.