Senate, Medicaid and tax bill
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The Senate Finance Committee released its revisions to President Donald Trump’s “one big, beautiful” bill Monday night, implementing changes to
Blue state Republican reps railed against rumored Senate plans to lower the state and local tax deduction (SALT) cap back down from the House-negotiated level of $40,000 back down to $10,000, its
The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.
US businesses and wealthy universities scored major wins in the Senate Republicans’ version of President Donald Trump’s tax bill, while low-income Americans and clean energy providers are poised to be hit the hardest.
The major question facing Republicans as the Senate Finance Committee works to release its One Big Beautiful Bill Act tax plan is what will happen with the cap on state and local tax deductions. The SALT cap has been perhaps the most vexing policy consideration for the Senate’s GOP tax writers.
House GOP leaders have been urging senators to make only minimal changes to their legislation to hold together their razor-thin majority.