US EditionHouse Republicans narrowly pass Trump’s big bill of tax breaks and program cuts after all-night session
- On April 8, 2025, House Republicans narrowly passed a multitrillion-dollar tax breaks and spending cuts package after an all-night session in Washington, D.C.
- The package, driven by President Trump’s priority and multiple White House meetings, aims to extend $4.5 trillion in 2017 tax cuts and add new tax breaks from his 2024 campaign.
- The bill includes work requirements for Medicaid and SNAP recipients, a quadrupled SALT deduction at $40,000, faster rollback of clean energy credits, and $12 billion for Homeland Security.
- The Congressional Budget Office estimates the bill would increase deficits by $3.8 trillion, reduce healthcare coverage by 8.6 million, and cut SNAP benefits for 3 million people monthly.
- The narrow 215-214 vote reflects deep GOP divisions overcome by Speaker Johnson’s leadership, while Democrats strongly opposed the bill, warning of harmful social and fiscal impacts.
675 Articles
675 Articles
U.S. House approves Trump’s tax and spending bill. What it means for Iowa
A study done by Penn Wharton Budget Model found that people earning between $17,000 and $51,000 would see on average a $700 reduction in their income after taxes. People reporting less than $17,000 in income would see a reduction closer…
The potential winners and losers from Trump's tax bill
Donald TrumpAndrew Harnik/Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Happy Friday! Let me offer a penny for your thoughts while I still can. The Treasury Department placed its final order for the coin best known for being stuck to the bottom of your car's cup holders.In today's big story, we're looking at the impact Trump's tax bill could have on…
Report: House Republicans’ tax bill heavily favors wealthy Americans
Analysis shows the richest 1% would receive $121 billion in tax cuts while the poorest fifth see only 1% of the benefit. Republicans in the US House of Representatives spent the week before Memorial Day pushing through a sweeping tax and spending package. It’s a major victory for President Donald Trump, containing a slew of tax cuts, a larger State and Local Tax (SALT) tax deduction, serious cuts to Medicaid and SNAP, and new spending for immigr…
House Passes Reconciliation Bill
(NAFB.com) – U.S. agriculture organizations reacted to the House of Representatives passing its reconciliation bill. “Farm Bureau applauds the legislation, which modernizes farm bill programs and extends and improves critical tax provisions that benefit farmers and ranchers,” said AFBF President Zippy Duvall. “Updated reference prices will also create some certainty for farmers struggling through tough economic times.” National Cattlemen’s Beef …
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
