Donald Trump, bill and U.S. House
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The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the richest fifth of Americans would receive two-thirds of the tax cuts. The richest 5 percent alone would receive a little less than half of the net tax cuts that year.
Older adults and low-income people will have a tougher time accessing food assistance and healthcare services under the House Republicans’ tax bill that will now likely face changes in the Senate. The roughly 1,
Senate Republicans are planning to have the last word. The legislation that passed the House early Thursday made a number of changes impacting clean energy tax credits under Democ