Trump, House and beautiful bill
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A key committee worked through the night on the legislation as Republican leaders sought agreement from various party factions.
Between a barrage of executive orders, foreign trips and norm-shattering proclamations, President Donald Trump has also been busy raking in cash.
Speaker Mike Johnson (R-Louisiana) finished negotiating with warring factions of the House GOP conference late Wednesday and began alerting lawmakers about the final changes to Trump’s One Big Beautiful Bill. Votes could come in the wee hours Thursday morning.
A Republican-backed tax and spending bill is generating significant apprehension among Wall Street experts and economists due to its potential to inflate the national debt. The proposed bill, an attempt to renew the 2017 Tax Cuts and Jobs Act,
P resident Donald Trump’s “big, beautiful” tax-and-spending bill could come with a big, ugly cost, economists warn. Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade.
Republicans will look to get their massive tax cut and border security package back on track during a rare Sunday night committee meeting after that same panel voted against advancing the measure
House Republicans’ tax package would only provide a modest boost to economic growth, according to a new government analysis that’s sure to disappoint GOP lawmakers. The plan would increase the average annual growth rate by 0.