LOADING ERROR LOADINGWASHINGTON — Republicans pushed President Donald Trump’s signature tax and spending cut legislation through the House of Representatives after making several last-minute changes to the bill. The House passage of the legislation is a major win for Trump and Speaker Mike Johnson (R-La. ), who had to placate conservatives wanting steeper spending cuts as well as moderates seeking a bigger tax deduction for wealthy homeowners. But the bill’s fate remain uncertain, since a number of Senate Republicans have signaled they will not accept the House approach to either the tax cuts or the spending cuts, which would result in an estimated 8 million fewer Americans having health insurance, mostly because of cuts to Medicaid. The bill extends tax cuts Trump enacted in his first term that are set to expire at the end of the year and adds tax breaks on tips and overtime that Trump championed during last year’s presidential campaign.

Source: Huffington Post May 22, 2025 14:08 UTC