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Key Senate Republicans are resisting the House’s plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies.The pushback comes just a day after House Republicans released a plan to help pay for an extension of President Donald Trump’s tax cuts by cutting more than $500 billion in energy tax credits from former President Joe Biden’s signature climate law.
Plus: President Trump pledges to end sanctions against Syria. | Cassandra “Cassie” Ventura Fine testified against ex-boyfriend Sean “Diddy” Combs.
Republicans in the U.S. Congress advanced elements of President Donald Trump's sweeping budget package on Wednesday after a debate that lasted through the night, as a key committee voted along party lines to approve tax cuts that would add trillions of dollars to the U.
The current version of the proposal calls for the state and local tax deduction cap to be hiked to $30,000, which a group of blue-state Republicans have said is a nonstarter.
Three key committees advanced legislation that would combine into the “one big beautiful bill” to enact President Trump’s agenda. But the package faces a rocky path in Congress.
The lawmakers are racing for a July 4 deadline to have the whole package sent to Trump’s desk in time to also avoid a dangerous debt default. The Treasury Secretary has said federal tax revenues are running short and Congress needs to raise the spending limit to keep paying the bills.
WASHINGTON – House Republicans defended a bill that would enact sweeping tax cuts, raise the debt ceiling, and add restrictions to benefit programs during a heated marathon day of committee hearings on Capitol Hill.
House Republicans on three key committees are working to advance their respective portions of President Donald Trump's reconciliation bill.