What's in Trump's 'big, booty full' tax bill, from MAGA accounts to SALT deductions [View all]
President Trump's tax plans have faced a bumpy road in recent days, with Republican leaders aiming for a vote in the House of Representatives before Memorial Day, even as trillion-dollar pieces of the bill remain up in the air.
A significant boost came on Sunday evening, when the bill won approval from a key congressional committee, an unexpected victory after it hit a hurdle at a House budget hearing on Friday. Four conservative Republicans who had joined with Democrats to stall the bill decided to greenlight it while they kept up pressure for changes.
It’s all part of a grinding process, with more tax amendments likely to address concerns about the level of state and local tax (SALT) deductions. Other pieces of the bill are also under close review, such as the size and shape of Medicaid trims being considered.
Yet the overall framework of the tax plan is getting clearer by the day, with a package slowly moving forward that will cost trillions of dollars and usher in an array of changes from how taxes are paid by households to new business-world provisions.
https://finance.yahoo.com/news/whats-in-trumps-big-beautiful-tax-bill-from-maga-accounts-to-salt-deductions-121553516.html
More debt from the party of fiscal responsibility.
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