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.
Dr. Caitlin Bernard is facing disciplinary action after she spoke publicly about providing an abortion to a 10-year-old rape victim.
Oath Keepers extremist group founder Stewart Rhodes was sentenced on Thursday to 18 years in prison for orchestrating a weekslong plot that culminated in his followers attacking the U.S. Capitol in a bid to keep President Joe Biden out of the White House after winning the 2020 election.
Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol in bars and restaurants as young as 14.
An Arkansas man who propped his feet on a desk in then-House Speaker Nancy Pelosi’s office in a widely circulated photo from the U.S. Capitol riot was sentenced Wednesday to more than four years in prison.
The rollout of his campaign Wednesday made clear that, at least for the time being, DeSantis intends to leave the dirty work of attacking Trump to his allies.
Texas Attorney General Ken Paxton has accused House Speaker Dade Phelan of being intoxicated during a legislative session and called for his resignation.
State attorneys general from around the country are teaming up to stop a company that's accused of making billions of robocalls.
Families are marking the one-year anniversary of the school shooting in Uvalde, Texas that left 19 children and two teachers.
Montana has become the first state to specifically ban people dressed in drag from reading books to children at public schools and libraries, part of a host of legislation aimed at the rights the LGBTQ+ community in Montana and other states.
Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines.
