US EditionTrump Tax Cut Extension Grinds to a Halt: Here's What It Might Cost You
- President Donald Trump's 2017 tax cut extension failed on May 16 in the House Budget Committee in Washington, D.C.
- The failure occurred because five Republicans opposed the bill amid demands for deeper Medicaid spending cuts and repeal of green energy tax credits.
- The bill would have added about $3.7 trillion to the federal deficit over a decade and included permanent corporate tax cuts but proposed work requirements on Medicaid starting in 2029.
- According to nonpartisan estimates, up to 8.6 million Americans could lose health coverage under the bill, prompting criticism that it benefits the wealthy disproportionately while harming lower-income populations.
- The delay pushes back the extension of the tax cuts, but Republicans intend to continue negotiations in hopes of passing the bill prior to the Memorial Day holiday on May 26.
26 Articles
26 Articles
Republicans reject Trump tax-cut bill after president calls for unity
President Donald Trump's sweeping tax bill failed in a procedural vote in a key congressional committee on Friday, as five Republicans rejected the package amid calls for deeper spending cuts, potentially delaying its passage in the House of Representatives.
Republicans block Trump tax-cut bill over spending demands | Honolulu Star-Advertiser
WASHINGTON >> President Donald Trump’s sweeping tax bill failed in a procedural vote in a key congressional committee today, as five Republicans rejected the package amid calls for deeper spending cuts, potentially delaying its passage in the House of Representatives.
Trump's tax bill and Biden's health: 'Grounded' podcast host Maritsa Georgiou weighs in
It's been a busy week in Washington. From GOP infighting over President Donald Trump's "big, beautiful bill," to talk what was known about former President Joe Biden's health before he dropped out of the 2024 presidential election. Maritsa Georgiou, host of the "Grounded" podcast, joined Scripps News to discuss the hot topics. Despite Republicans holding a majority on the House Budget Committee, President Trump's tax bill was turned down on Frid…
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