GOP, Tax and U.S. deficit
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Trump's 'Beautiful' Tax Bill
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More than an estimated 8 million recipients could lose Medicaid coverage, according to a CBO analysis requested by House Democrats. Republicans say they're targeting able-bodied adults and undocumented immigrants, but other beneficiaries could also be impacted.
The House of Representatives is weighing a Republican-backed plan to make sweeping changes to U.S. fiscal policy. In short, the bill extends the expiring portions of the 2017 tax cut bill and provides a shot of near-term fiscal stimulus in the form of additional,
After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other.
As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trilli
Republicans advanced a major tax cut and border security package through a House committee, overcoming internal deficit concerns with minor spending cut modifications. The bill faced opposition due to its potential deficit impact and delayed enforcement of new Medicaid work requirements,
Republicans advanced their massive tax cut and border security package out of a key House committee during a rare Sunday night vote as deficit hawks who blocked the measure two days earlier reversed course after gaining commitments on the package's spending cuts.
The House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week.
House Republicans advanced the bill late Sunday, but budget analysts across the political spectrum warn that the proposal worsens the U.S. fiscal picture.