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House Ways and Means Committee advances GOP tax bill

  • Following a lengthy hearing in Washington, D.C., the House Ways and Means panel gave a party-line thumbs-up to the GOP's tax plan on Wednesday.
  • The approval followed an overnight session that began Tuesday afternoon amid Democrats' attempts to amend the bill, all of which were rejected.
  • The 26-19 party-line vote advanced the bill to the Budget Committee, where it will merge with other spending legislation to form the 'One, Big, Beautiful Bill.'
  • The package is estimated to increase deficits by $3.8 trillion over ten years and permanently maintains the Trump-era tax cuts while providing targeted tax relief for families, small businesses, and manufacturers.
  • The bill is poised for full House passage by Memorial Day and subsequent Senate consideration, signaling a major step in advancing the GOP’s economic agenda.
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atr.org broke the news in on Tuesday, May 13, 2025.
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