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.
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.
President Joe Biden has chosen a new leader for the National Security Agency and U.S. Cyber Command, a joint position that oversees much of America's cyber warfare and defense.
Attorneys general across the U.S. joined in a lawsuit against a telecommunications company accused of making more than 7.5 billion robocalls to people on the national Do Not Call Registry.
Abortion will soon be severely restricted in one of the last bastions for legal access in the U.S. South.
Donald Trump threw up his hands in frustration Tuesday as a judge scheduled his criminal trial for March 25, putting the former president and current candidate in a Manhattan courtroom in the heat of next year’s presidential primary season.
What to expect Wednesday, May 24, 2023
Republican Nebraska Gov. Jim Pillen signed a bill Monday that bans abortion at 12 weeks of pregnancy and restricts gender-affirming medical care for people younger than 19.
Democratic Sen. Tom Carper of Delaware announced Monday that he will not seek reelection to a fifth term in the U.S. Senate.
