US EditionRepublicans Debate Budget over Tax Deduction Limits, Health Insurance
- House Republicans are debating a budget addressing tax deduction limits and health insurance, aiming to finalize it by next week.
- The discussion centers on proposals to increase the maximum deduction for state and local taxes for married couples from $10,000 up to $30,000, while some representatives from states with high taxes are pushing for even greater allowances.
- Democrats oppose the budget due to potential Medicaid and Affordable Care Act subsidy cuts, which could reduce health coverage for over 13 million people and risk nearly 1 million jobs.
- House Speaker Mike Johnson stated any SALT increase must be offset by savings elsewhere, while Rep. Nick LaLota said they are far from a fix on SALT, delaying agreement.
- Despite challenges, some Republicans like Rep. Don Bacon believe negotiations are about 90% complete, but the budget's passage could still face delays.
18 Articles
18 Articles
GOP leaders find $40K sweetener in bid to sway budget holdouts
In an effort to save President Donald Trump's "big, beautiful bill," House Republicans have put a new "heightened state-and-local-tax deduction" (SALT) on the table that they hope will push Republican holdouts over the finish line.On Friday, GOP lawmakers Chip Roy (R-TX), Ralph Norman (R-SC), Andrew...
The GOP Still Lacks a Clear Plan for Health Care
The House GOP’s emerging megabill includes significant changes to health care, some of which are long overdue, such as tighter restrictions on the provider taxes which states use to shift Medicaid costs onto the federal budget. But the legislation’s effect on the number of uninsured individuals is likely to get the most attention. Projections showing there will be a sizeable increase are causing internal divisions and creating political risks. T…
Republicans Waver Over Cost, Energy Ahead of Budget Vote
Current conditions: It’s peak storm season in the U.S., with severe weather in the forecast for at least the next six days in the Midwest and East • San Antonio, Texas, is expected to hit 108 degrees Fahrenheit today • Monsoon rains have begun in Sri Lanka. THE TOP FIVE1. Republicans waver on budget ahead of possible floor vote next week The House Budget Committee meeting to prepare the reconciliation bill for a floor vote as early as next week…
The GOP’s Budget Bill Will Cost Less Than Expected: Congressional Budget Office
WASHINGTON—The Congressional Budget Office (CBO) has estimated that the budget reconciliation bill being drafted by House Republicans will cost less than expected. Republicans are using the “budget reconciliation” process to enact President Donald Trump’s sweeping policy initiatives, including tax cuts, border and energy measures. The process allows for Republicans to bypass the 60-vote filibuster threshold in the Senate, meaning they won’t need…
Republicans Clash Over Tax Cap in Budget Talks
Key Takeaways: Republicans are divided on the SALT tax cap repeal. Some want it removed, while others push to raise it. A compromise seems likely, with a higher cap proposed. The issue causing tension within the party. Republicans in a Tussle Over Tax Cap in Budget Negotiations What’s the Big Deal About the SALT Cap? In a recent CNN interview, Rep. Dusty Johnson from South Dakota shared his thoughts on the ongoing debate over the SALT (State an…
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