Trump, Tax Cut and bill
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TAG24 on MSNTrump's "Big Beautiful Bill" pairing tax cuts for the rich with cutting Medicaid clears major hurdleA mega-bill central to President Donald Trump's domestic agenda cleared a key hurdle Sunday, progressing out of the House Budget Committee.
The White House says the House GOP's tax cuts will usher in an economic boom. Top economists say the upside is negligible.
A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Alec Phillips, chief political economist for Goldman, in an economic research note. The House Budget Reconciliation Bill is expected to reduce individual taxes by 0.
"Put simply, The Big Beautiful Bill will empower Big Beautiful Deportations," the White House said May 17 in a press release after the bill stalled.
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News Nation on MSNHouse Republicans warn Senate GOP against watering down Trump agenda billHouse Republicans are sending a clear and early warning to their Senate allies as the bill encompassing President Trump’s domestic priorities heads to the upper chamber: Don’t water it down. House GOP leaders spent weeks in delicate talks with Republican holdouts before cobbling together a fragile agreement that could thread the needle between conservatives’ demands for more spending cuts and moderates’ insistence on a controversial tax break.