House Republicans release tax plan for Trump's 'big, beautiful bill'
Fox News
House Republicans have released their plan for President Donald Trump's tax agenda in the budget-reconciliation process.
It also lays the groundwork for making Trump’s 2017 Tax Cuts and Jobs Act (TCJA) permanent. Republican leaders had warned that failing to do so would lead to a tax increase of over 20% for millions of Americans, if TCJA were allowed to expire at the end of this year. Elizabeth Elkind is a politics reporter for Fox News Digital leading coverage of the House of Representatives. Previous digital bylines seen at Daily Mail and CBS News.
There is no information in the bill so far about state and local tax (SALT) deduction caps, which have been a significant point of contention between blue state Republicans critical to keeping the House majority, and GOP lawmakers from deeper red, lower-tax states. Follow on Twitter at @liz_elkind and send tips to elizabeth.elkind@fox.com
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