Trump, House and Policy Bill
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Bill Belichick and Jordon Hudson
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A key committee met after midnight and worked through dawn as Republican leaders finalized changes aimed at winning over holdouts in hopes of bringing the bill to the floor.
Live updates and the latest news as Trump hosts South Africa's president and the House Rules Committee meets on the Republicans' budget bill.
The unexpected voice vote comes as congressional Republicans work to pass legislation that would include a similar provision.
Conservative hardliners threatened to block President Donald Trump’s massive tax and spending package just as an agreement to increase the state and local tax deduction removed a key obstacle.
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Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.
The bill already passed the House in a 42-8 vote. Now that it’s passed both chambers, it is headed to Gov. Tina Kotek’s desk where she can sign it into law, let it become law without her signature or veto it. It would take effect immediately.
A new bill headed to the House of Representatives would offer a major tax break for taxed income under certain income levels, but that might not be the uncomplicated relief it sounds like.
GOP leaders worked late into the night to convince skeptical Republicans who have problems on several fronts, including worries that it will pile onto the nation's $36-trillion debt.