On Tuesday the House passed the Republican Tax Plan by a 227-203 margin. Politico Tax Reporter Aaron Lorenzo explains the path forward for this legislation in the Senate, and how individuals and corporations will be impacted.
Lorenzo says he expects the GOP plan to pass the Senate, and signed by President Trump before the end of the year. The bill is a $1.5 Trillion tax cut which nearly doubles standard deduction, and cuts the corporate tax rate from 35 percent to 21 percent. Lorenzo says he expect retail to be a big winner, because they do not face a big margin.
According to a recent Gallup Poll, more than half of Americans say the proposed tax cuts would not help their families financial situation, and would not help the U.S. economy.
Former Texas Republican Congressman Will Hurd announced he is running for president.
The Supreme Court ruled that a man convicted to 27 years in prison on gun charges won't be able to challenge his conviction.
A Florida judge has struck down a ruling that banned Medicaid payments for transgender healthcare in the state.
A Moscow court on Thursday ruled that Wall Street Journal reporter Evan Gershkovich must remain in jail on espionage charges until at least late August, rejecting the American journalist’s appeal to be released.
The Supreme Court ruled against the Navajo Nation on Thursday in a dispute involving water from the drought-stricken Colorado River.
A resolution to impeach President Joe Biden is likely to face a House vote this week as House Speaker Kevin McCarthy remains opposed to it right now.
Supreme Court Justice Samuel Alito accepted a 2008 trip to a luxury fishing lodge in Alaska from two wealthy Republican donors, one of whom repeatedly had interests before the court, and he did not disclose the trips on his financial disclosure for that year, ProPublica reports.
President Joe Biden made his first public comments about his son Hunter Biden's plea deal with federal prosecutors on two misdemeanor tax charges. This follows several critical comments by Republicans, who blasted the agreement as a "sweetheart deal."
A federal judge struck down Arkansas' first-in-the-nation ban on gender-affirming care for children as unconstitutional Tuesday, the first ruling to overturn such a prohibition as a growing number of Republican-led states adopt similar restrictions.
Climate change is on trial in Montana. In a landmark case, 16 young people are suing the state over effects like smoke, heat, and drought. It's just the first in a series of cases intended to pressure lawmakers into taking action on the environment. Here with more is Cheddar News Senior Reporter Chloe Aiello.
