GOP, bill and tipped workers
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1don MSN
The House Republican multi-trillion-dollar tax package includes a bigger child tax credit. If enacted, here's who could benefit from the changes.
The House proposal would enact Trump's major campaign promises while dramatically changing Medicaid, food benefits, income taxes and border security.
President Trump's domestic policy bill, dubbed the One Big Beautiful Bill Act, was passed by the House of Representatives in a 215-214 vote early Thursday morning. The vote comes after days of negotiations among legislators.
The GOP-backed One Big Beautiful Bill Act includes some big changes to the Supplemental Nutrition Assistance Program.
The budget bill passed Thursday by U.S. House Republicans seeks, among other cuts, to gut clean energy incentives to pay for President Donald Trump’s proposed tax breaks.
The House budget bill that narrowly passed in an early morning vote on Thursday would effectively put the brakes on a clean energy production boom in the United States spurred by tax credits enacted in 2022.
Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.
People who are considered ‘highly compensated employees’ wouldn’t be eligible for the ‘no taxes on tips’ provision in the GOP’s tax bill.