GOP, House and tax cut
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Republicans, SALT and House
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Medicaid, House Republicans
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The bill outlines tax cuts and corresponding tax hikes for certain groups, which will later be combined with other policies on energy, border and national defense as part of Trump’s massive reconciliation package.
Tensions rose and emotions flared as the hours dragged on into early Wednesday morning. House Republicans are working to push President Donald Trump’s signature legislative package through a gauntlet of committees and mounting opposition from Democrats, advocacy groups and even some wary Republicans themselves.
Republicans in the U.S. Congress advanced elements of President Donald Trump's sweeping budget package on Wednesday after an all-night debate, as a key committee voted to approve tax cuts that would add trillions of dollars to the U.
According to the plan, the residential clean energy credit, which provides a 30% tax credit for home solar panels, batteries, geothermal heat pumps and more, would expire at the end of 2025. The credit is currently set to expire at the end of 2034. The tax credit for rooftop solar panels has existed, in some form or another, since 2005 .
In addition to raising the endowment tax rate for the richest schools to as much as 21%, the bill hits schools with heavy foreign student enrollment.
House Republicans on three key committees are working to advance their respective portions of President Donald Trump's reconciliation bill.
Three key panels are addressing some of the thorniest issues poised to make or break the Republicans' massive bill for Trump's agenda.
In an effort to soften the proposal, Democrats issued a number of energy-related amendments countering Republican provisions aimed at slashing climate funding.