Potential winners and losers from Trump's tax bill
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We highlighted the substantive changes made by House Republicans to secure the support of several holdout members.
Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President Donald Trump’s sprawling, multi-trillion-dollar tax and spending package.Republican congressional leaders attached an increase in the US legal debt limit to the president’s signature economic legislation.
"Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,” said the fourth highest ranking House Democrat.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
The House’s draconian cuts to former President Joe Biden’s landmark climate law won’t fly in the Senate, key Republican senators said Thursday.
The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,
Others could see their monthly benefits reduced if the bill were to become law, according to the nonpartisan Congressional Budget Office.
Live updates and the latest news as the House passes the sweeping GOP agenda bill. including tax and Medicaid cuts and a SALT increase.