Trump summons key GOP holdouts to White House
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President Donald Trump met with GOP holdouts on his signature tax bill without resolving hardline conservatives’ objections over the multi-trillion dollar cost of the package. White House Press Secretary Karoline Leavitt said the meeting was “productive and moved the ball in the right direction,
Some $500 billion in cuts to Medicare could be avoided if Congress instructs the White House budget office to disregard the reconciliation package’s debt impact.
To attract buyers for the bonds that will finance that deficit, the federal government will have to pay higher interest rates.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
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Retaliatory taxes on foreign companies operating in the U.S. could open the door for a broader economic conflict.
The Republican budget bill proposed by the House of Representatives could enforce major changes to Medicaid and SNAP, but there are also significant updates to federal student loans included in the bill.
The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.
1don MSN
President Donald Trump visited Capitol Hill to seek support for his “big, beautiful bill" from divided House Republicans.