SALT, tax cut and Republicans
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House tax writers advance GOP bill
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The fight has pitted the GOP's top tax writer against a determined bloc of House Republicans from high-tax states. It has also created divisions between the pro-SALT Republicans.
Historically, bond investors more or less swallow the debt the U.S. government takes on, but this time they may be less inclined to do so.
Republicans in the U.S. Congress advanced major elements of President Donald Trump's budget package on Wednesday, as key committees approved tax cuts that would add trillions of dollars to the U.S. debt,
Rep. Lawler has been a staunch advocate for higher SALT cap deductions amid the debate over the GOP backed "big beautiful bill."
Three key panels are addressing some of the thorniest issues poised to make or break the Republicans' massive bill for Trump's agenda.
The Republican tax bill looks very different depending on your income—and your political lens.
The bill would impose a 5% tax on remittance payments, with exceptions for most transfers made by U.S. citizens.
U.S. Republican tax writers pushing through President Donald Trump's signature tax cut priorities proposed to eliminate a customer tax on firearm silencers, a tax potentially undoing the almost 100-year-old tax.
An effort to help President Trump strip tax-exempt status from nonprofits he deems to support "terrorism" has sparked serious concerns.
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