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The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the richest fifth of Americans would receive two-thirds of the tax cuts. The richest 5 percent alone would receive a little less than half of the net tax cuts that year.
WASHINGTON (AP) — The multitrillion-dollar tax breaks package passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago while supporting increased mining, drilling and other traditional energy production.
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The Texas Tribune on MSNFood aid cuts and other changes: What the U.S. House spending bill could mean for TexansMany low-income families would see cuts in health care and food benefits. The state hopes for a big reimbursement for border security spending.
White House press secretary Karoline Leavitt holds first briefing since the House passed President Trump's 'big, beautiful bill' despite GOP rebellion.