GOP, child tax credit and House Ways
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The current version of the proposal calls for the state and local tax deduction cap to be hiked to $30,000, which a group of blue-state Republicans have said is a nonstarter.
TPC found that, on average, all income groups would benefit from the tax proposals. But more than two-thirds of the tax cuts would go to those making $217,000 or more.
In an effort to soften the proposal, Democrats issued a number of energy-related amendments countering Republican provisions aimed at slashing climate funding.
Three key panels are addressing some of the thorniest issues poised to make or break the Republicans' massive bill for Trump's agenda.
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 are proposing to bar most non-citizens from receiving taxpayer-funded benefits, including food stamps, in President Donald Trump’s “one
Tax breaks tallying more than $5 trillion. But also sizable reductions in Medicaid health care, food stamps for older Americans and green energy strategies to fight climate change.
An effort to help President Trump strip tax-exempt status from nonprofits he deems to support "terrorism" has sparked serious concerns.
The Congressional Budget Office estimates the cuts will lead to 8.6 million people losing coverage over the next decade.
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