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On May 13, House Republicans introduced a tax reform proposal that would reduce tax incentives for low-carbon industries such as wind, solar, hydrogen, and electric vehicles (EVs). However, the cuts are set to be phased in gradually—less aggressively than

Sources say Johnson is close to solving one of the thorniest problems in the “big, beautiful bill.”

House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump’s economic package.

Lawmakers bickered, protesters shouted and senators came to take in the moment as a House committee weighed a critical portion of a bill to enact President Trump’s domestic agenda.

Taxpayers would likely foot the bill to retrofit President Trump’s new jet, which could be more than twice the plane’s $400 million value.

Their unwieldy bill may get even worse as it gets closer to becoming law

Republicans on Capitol Hill seem unlikely to challenge President Trump as he pushes ethics guardrails around profiting from the presidency to the breaking point.

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban states, where sales taxes are higher and real estate costs more. President Donald Trump’s first-term tax law, approved in 2017, capped the

Experts fear slashing over $290 billion could result in many households in need losing a critical nutrition lifeline.

The proposal would eliminate popular tax credits for electric vehicles and home solar.

It’s not doomsday