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.
Fani Willis, the Fulton County District Attorney in Atlanta investigating Trump, is expected to present her case to a grand jury next week.
Former President Donald Trump spoke out against a potential protective order that would prevent him from disclosing evidence in the 2020 election case.
Ohio voters rejected a ballot measure that would make it harder to pass constitutional amendments, including an upcoming vote on abortion.
President Joe Biden on Tuesday signed a national monument designation for the greater Grand Canyon.
The Supreme Court is reinstating a regulation aimed at reining in the proliferation of ghost guns, firearms without serial numbers that have been turning up at crime scenes across the nation in increasing numbers.
Former Vice President Mike Pence has met donor requirements to participate in the first GOP debate.
A special election is underway in Ohio that could affect abortion access.
Thousands of Los Angeles city employees, including sanitation workers, lifeguards and traffic officers, walked off the job Tuesday for a 24-hour strike alleging unfair labor practices.
Former Lt. Gov. Geoff Duncan of Georgia was subpoenaed to testify before a grand jury investigating interference in the 2020 presidential election.
Ohio voters have resoundingly rejected a Republican-backed measure that would have made it more difficult to pass abortion protections.
