Tag #Tax Cuts

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forbes.com

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Jul 3, 22:14

Contrasting State Tax Policies: Cuts in Georgia and Kansas, Hikes in Maryland and Illinois

On July 1st, 2025, several states implemented significant tax policy changes, with Georgia and Kansas cutting income taxes while Maryland and Illinois enacted retroactive increases; these changes follow the federal "One Big Beautiful Bill Act", preventing federal tax hikes for most households.

Contrasting State Tax Policies: Cuts in Georgia and Kansas, Hikes in Maryland and Illinois

On July 1st, 2025, several states implemented significant tax policy changes, with Georgia and Kansas cutting income taxes while Maryland and Illinois enacted retroactive increases; these changes follow the federal "One Big Beautiful Bill Act", preventing federal tax hikes for most households.

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What are the immediate impacts of the "One Big Beautiful Bill Act" and the various state tax changes implemented on July 1st?

The One Big Beautiful Bill Act" will prevent federal income tax increases for over 80% of households, while several states implemented tax changes on July 1st. Georgia cut its income tax rate from 5.39% to 5.19%, retroactively to 2025, while Kansas established a mechanism for future rate reductions based on revenue triggers.

foxnews.com

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Jul 3, 13:13

House Passes Trump's $3.3 Trillion Bill

The House narrowly passed President Trump's $3.3 trillion bill, 219-213, after overcoming internal Republican divisions and procedural delays; the bill now advances to a final House vote.

House Passes Trump's $3.3 Trillion Bill

The House narrowly passed President Trump's $3.3 trillion bill, 219-213, after overcoming internal Republican divisions and procedural delays; the bill now advances to a final House vote.

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How did internal divisions within the Republican party shape the legislative process surrounding this bill?

The bill's passage reflects President Trump's influence and Speaker Johnson's negotiation skills, but also reveals deep divisions within the Republican party. Conservative and moderate factions clashed over provisions like Medicaid cost-sharing and tax cuts, exposing internal conflicts around fiscal policy and social programs.

dailymail.co.uk

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Jul 3, 04:11

Trump's "Big Bill" Imperiled by House Conservatives

President Trump's "One Big Beautiful Bill," a sweeping tax cut and spending bill, faces potential defeat in the House due to opposition from the conservative House Freedom Caucus over increased spending and provisions considered insufficiently conservative, threatening Trump's July 4th deadline and ...

Trump's "Big Bill" Imperiled by House Conservatives

President Trump's "One Big Beautiful Bill," a sweeping tax cut and spending bill, faces potential defeat in the House due to opposition from the conservative House Freedom Caucus over increased spending and provisions considered insufficiently conservative, threatening Trump's July 4th deadline and ...

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How do the differing spending levels between the House and Senate versions of the bill contribute to the current political stalemate?

The House Freedom Caucus (HFC) is leading the opposition, citing concerns over increased spending, benefits for illegal immigrants, and funding for renewable energy policies. The Senate version of the bill is seen as a compromise that does not reflect the HFC's desire for significant government cuts. The bill's projected increase to the national deficit, from $2.6 trillion to $3.4 trillion, further fuels the opposition.

abcnews.go.com

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Jul 2, 13:19

House to Vote on Trump's Tax Cuts Package Amidst Party Divisions

The Republican-led House is poised to vote Wednesday on President Trump's $4.5 trillion tax and spending cuts package, passed by the Senate 51-50, despite internal party divisions and projected increases to the federal deficit by $3.3 trillion over 10 years.

House to Vote on Trump's Tax Cuts Package Amidst Party Divisions

The Republican-led House is poised to vote Wednesday on President Trump's $4.5 trillion tax and spending cuts package, passed by the Senate 51-50, despite internal party divisions and projected increases to the federal deficit by $3.3 trillion over 10 years.

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What are the long-term economic and social implications of the bill's tax cuts and spending reductions?

The bill's passage hinges on the ability of House Speaker Mike Johnson to maintain party unity, facing potential political backlash against dissenting Republicans. The expedited legislative timeline raises concerns about transparency and thorough review of the bill's complex implications. The bill's long-term impact on the federal budget deficit and social programs remains a significant point of contention, with projections of substantial increases in national debt.

es.euronews.com

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Jul 2, 04:11

Senate Passes Trump's Tax and Spending Bill, Facing House Hurdles

The US Senate narrowly approved President Trump's tax and spending bill, 50-50, with the Vice President's tie-breaking vote; the bill, including $4.5 trillion in tax cuts and $1.2 trillion in spending cuts, now moves to the House, facing further challenges and projected to increase the deficit by $3...

Senate Passes Trump's Tax and Spending Bill, Facing House Hurdles

The US Senate narrowly approved President Trump's tax and spending bill, 50-50, with the Vice President's tie-breaking vote; the bill, including $4.5 trillion in tax cuts and $1.2 trillion in spending cuts, now moves to the House, facing further challenges and projected to increase the deficit by $3...

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How will the proposed cuts to Medicaid and food stamps impact different segments of the US population?

The bill includes $4.5 trillion in tax cuts, making permanent the 2017 Trump tax rates and adding new ones. However, it also includes $1.2 trillion in cuts to programs like Medicaid and food stamps, imposing work requirements and stricter eligibility criteria. The Congressional Budget Office (CBO) estimates that 11.8 million more Americans would be uninsured by 2034 if this bill becomes law, increasing the deficit by nearly $3.3 trillion over a decade.

euronews.com

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Jul 1, 22:15

Senate Passes Trump's Tax Cut and Spending Bill by Narrow Margin

The US Senate passed President Trump's "One Big Beautiful Bill Act" 50-50 on Tuesday, with the Vice President casting the tie-breaking vote; the bill includes $4.5 trillion in tax cuts, $1.2 trillion in spending cuts mainly to Medicaid and food stamps, and $350 billion for border security, but faces...

Senate Passes Trump's Tax Cut and Spending Bill by Narrow Margin

The US Senate passed President Trump's "One Big Beautiful Bill Act" 50-50 on Tuesday, with the Vice President casting the tie-breaking vote; the bill includes $4.5 trillion in tax cuts, $1.2 trillion in spending cuts mainly to Medicaid and food stamps, and $350 billion for border security, but faces...

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How did internal divisions within the Republican party affect the passage of the bill?

The bill's passage reflects President Trump's success in pushing through a key legislative priority despite significant internal and external opposition. The narrow victory underscores the deep partisan divisions in Congress and the challenges of balancing competing interests within the Republican party itself. The bill's substantial tax cuts and spending reductions have raised concerns about their long-term economic and social consequences.

aljazeera.com

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Jul 3, 22:13

House Passes "One Big Beautiful Bill", Increasing Deficit by $3.3 Trillion

The US House passed the "One Big Beautiful Bill", a $5 trillion tax cut and spending package including immigration enforcement, despite Democratic opposition and concerns over cuts to Medicaid and SNAP, increasing the deficit by an estimated $3.3 trillion over 10 years.

House Passes "One Big Beautiful Bill", Increasing Deficit by $3.3 Trillion

The US House passed the "One Big Beautiful Bill", a $5 trillion tax cut and spending package including immigration enforcement, despite Democratic opposition and concerns over cuts to Medicaid and SNAP, increasing the deficit by an estimated $3.3 trillion over 10 years.

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What are the immediate consequences of the "One Big Beautiful Bill's" passage?

The US House passed the "One Big Beautiful Bill", a tax cut and spending package, by 218-214. This lifts the debt ceiling by $5 trillion, funds immigration enforcement, and makes the 2017 tax cuts permanent. However, it cuts programs like Medicaid and SNAP, impacting millions.

kathimerini.gr

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Jul 3, 10:11

Trump's Tax Cut Bill Fails in US House Amid Republican Divisions

President Trump's tax cut and spending increase bill failed to pass the US House of Representatives on Wednesday due to opposition from both Democrats and Republican hardliners, despite last-minute negotiations and interventions from Trump himself; the bill would have increased the national debt by ...

Trump's Tax Cut Bill Fails in US House Amid Republican Divisions

President Trump's tax cut and spending increase bill failed to pass the US House of Representatives on Wednesday due to opposition from both Democrats and Republican hardliners, despite last-minute negotiations and interventions from Trump himself; the bill would have increased the national debt by ...

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What factors contributed to the Republican divisions over President Trump's proposed bill?

The bill's failure underscores the challenges Trump faces in uniting his party behind his legislative agenda. Disagreements over the bill's fiscal implications and potential impact on healthcare programs like Medicaid, which independent analysts project could cause 12 million people to lose health insurance, fueled the opposition. The inability to pass the bill before the July 4th deadline indicates potential setbacks for Trump's domestic policy priorities.

abcnews.go.com

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Jul 2, 22:14

Senate Passes Trump's Tax Bill; House Vote Uncertain Amid GOP Divisions

The Senate passed President Trump's revised tax cut and spending bill, but its fate in the House remains uncertain due to GOP divisions over Medicaid cuts and increased deficits; the CBO estimates 11.8 million Americans could lose health insurance under the Senate version.

Senate Passes Trump's Tax Bill; House Vote Uncertain Amid GOP Divisions

The Senate passed President Trump's revised tax cut and spending bill, but its fate in the House remains uncertain due to GOP divisions over Medicaid cuts and increased deficits; the CBO estimates 11.8 million Americans could lose health insurance under the Senate version.

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What are the immediate consequences of the Senate's changes to the tax cut and spending bill, and how will they affect the House's decision?

The Senate passed a revised version of President Trump's tax cut and spending bill, but its future in the House is uncertain due to internal GOP divisions and significant changes from the original House bill. The CBO estimates 11.8 million Americans could lose health insurance under the Senate bill, three million more than under the House version. Several House Republicans have expressed concerns, particularly regarding Medicaid provisions and increased deficits.

pt.euronews.com

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Jul 2, 13:18

Senate Passes Trump's Tax Cut and Spending Bill by Tie-Breaking Vote

The US Senate narrowly passed President Trump's tax cut and spending bill (One Big Beautiful Bill Act) 50-50, with the Vice President casting the tie-breaking vote; the bill includes $4.5 trillion in tax cuts, $1.2 trillion in spending cuts, and $350 billion for border security, projected to leave 1...

Senate Passes Trump's Tax Cut and Spending Bill by Tie-Breaking Vote

The US Senate narrowly passed President Trump's tax cut and spending bill (One Big Beautiful Bill Act) 50-50, with the Vice President casting the tie-breaking vote; the bill includes $4.5 trillion in tax cuts, $1.2 trillion in spending cuts, and $350 billion for border security, projected to leave 1...

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What are the immediate consequences of the Senate's narrow passage of President Trump's tax cut and spending bill?

The Republican-controlled Senate passed President Trump's tax cut and spending bill by a 50-50 vote, with Vice President JD Vance casting the tie-breaking ballot. Three Republican senators joined all Democrats in opposing the bill, highlighting the deep divisions within the party. The bill now goes back to the House, where further complications are expected due to Senate amendments.

foxnews.com

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Jul 1, 13:17

Trump's "Big Beautiful Bill" Faces Senate Uncertainty

The Senate debates President Trump's "One Big Beautiful Bill," a $4.5 trillion package including tax cuts, spending cuts to Medicaid and food stamps, and increased border security, facing opposition from within the Republican party and potential for a historic tax increase if it fails.

Trump's "Big Beautiful Bill" Faces Senate Uncertainty

The Senate debates President Trump's "One Big Beautiful Bill," a $4.5 trillion package including tax cuts, spending cuts to Medicaid and food stamps, and increased border security, facing opposition from within the Republican party and potential for a historic tax increase if it fails.

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What are the immediate consequences of the Senate's failure to pass Trump's "One Big Beautiful Bill"?

President Trump's "One Big Beautiful Bill" faces uncertainty in the Senate, with two Republican senators already opposing it and a potential 68% tax increase if it fails. The bill includes $4.5 trillion in tax cuts, but also cuts to Medicaid and food stamps, and increased border security spending.

dw.com

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Jul 1, 22:15

Senate Passes Controversial "One Big Beautiful Bill Act" Amidst Public Outcry

The US Senate passed the "One Big Beautiful Bill Act", including $4.5 trillion in tax cuts, increased defense and border security spending, and $1.2 trillion in Medicaid cuts projected to leave 12 million uninsured, prompting significant opposition and uncertainty regarding its House passage.

Senate Passes Controversial "One Big Beautiful Bill Act" Amidst Public Outcry

The US Senate passed the "One Big Beautiful Bill Act", including $4.5 trillion in tax cuts, increased defense and border security spending, and $1.2 trillion in Medicaid cuts projected to leave 12 million uninsured, prompting significant opposition and uncertainty regarding its House passage.

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What are the key provisions of the "One Big Beautiful Bill Act", and what are its immediate consequences?

The "One Big Beautiful Bill Act" passed the Senate with a tie-breaking vote from Vice President JD Vance. It includes $4.5 trillion in tax cuts, $150 billion for defense, and $175 billion for border security, offset by $1.2 trillion in Medicaid cuts. The Congressional Budget Office (CBO) projects 12 million people will lose health insurance due to these cuts.

Showing 37 to 48 of 221 results