House Republicans struggled to complete work on a sweeping tax proposal, delaying its public release by a day as President Donald Trump set an ambitious, by-Christmas timetable for passage of the legislation. The GOP tax-writers strained to make last-minute changes to the proposed legislation, working Tuesday through the day and night to produce the first […]
Trump guides $4 trillion budget, eyes tax reform
The House on Thursday gave a significant boost to President Donald Trump’s promise to cut taxes, narrowly passing a GOP budget that shelves longstanding concerns over federal deficits in favor of a rewrite of the tax code that Republicans promise will jump-start the economy. The 216-212 vote permits Republicans to begin work on a follow-up […]
Senate clears the way to Trump’s tax reform
Republicans must now shift their focus to enacting President Donald Trump’s sweeping tax plan, a far heavier lift than the $4 trillion budget plan they’ve muscled through the Senate to lay the groundwork for the first tax overhaul in three decades. The GOP on Thursday narrowly backed the budget plan, a prerequisite to major tax […]