GOP, tax bill
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The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
As the 2026 midterms loom, voters are restless and eager to penalize those in power. Every election starting with 2006, with the exception of 2012, has been a change election.
Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 years, according to the CBO.
The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.
Extending the 2017 tax cuts alone could save the typical household $2,900, but the legislation also affects overtime, tips and health care.
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The 19th on MSNHow Trump’s ‘one, big, beautiful’ tax bill could impact programs for women and childrenHouse Republicans approved a sweeping package early Thursday morning that contained deep cuts to programs assisting low-income Americans, including Medicaid and SNAP food stamp eligibility.
Makes tax cuts from the 2017 Tax Cuts and Jobs Act permanent that fiscal hawks complain adds trillions of dollars to the deficit over the next decade; does not include a tax increase on the wealthiest earners. Trump posted last week that the proposal shouldn't raise taxes on high-earners, "but I'm OK if they do!!!"
In a razor-thin 215-214 vote, House Republicans advanced President Donald Trump's so-called "One Big Beautiful Bill Act," a sweeping 1,116-page legislative package aimed at transfo
NPR's Ayesha Rascoe talks to University of Michigan economist Justin Wolfers about the possible economic impact of the GOP tax and spending bill that narrowly passed in the House.
The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, experts say.
Fort Worth Star-Telegram on MSN2d
‘No Medicaid Cuts’: Fallout from GOP Tax PackageFallout from GOP Tax Package. Story by Roger Anderson • 11h. 1 / 8 ©IMAGN