Trump, Senate and beautiful bill
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Senate Republicans have released their version of the tax legislation. It included some significant changes from the House version of the tax bill.
Blue state Republican reps railed against a Senate plan to lower the state and local tax deduction (SALT) cap down from the House-negotiated level of $40,000 to $10,000 — vowing that it will be “dead on arrival.
The “Big, Beautiful Bill” cuts the investment tax credit by 2028, the 25D residential solar tax credit by the end of the year, among other sweeping changes.
The House and Senate's disagreement over the SALT deduction could put the kibosh on the passage of the “big, beautiful bill.”
A liberal group and social media users shared posts that say President Donald Trump's "one big beautiful bill" for tax and spending would let him reschedule or eliminate elections.
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Senate Leader Thune commits to working through July 4th recess if needed for Trump's priority bill, promising the largest spending reduction in history with pro-growth policies.
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MiBolsilloColombia on MSNHow the 'One Big, Beautiful Bill Act' could mortgage America's futureTrump's 'One Big, Beautiful Bill Act' promises major tax cuts and spending reductions, but critics say it could drive up the national debt.
Senate Republicans hope to pass the "big, beautiful bill" by July 4th. It will then go back to the House for consideration.