Lawmakers Embrace Trump's Tax Cuts

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tax cut bill

Huffington Post

•

US Politics

Trump’s massive tax cut bill passed in a huge cave. Here’s a look at some of the GOP’s most egregious flip-flops

Summary

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67% Informative

Almost every Republican lawmaker who voiced opposition to President Trump ’s big bill slashed taxes and Medicaid turned around and voted for it on Thursday .

Much of the bill contains long-sought GOP goals, including tax cuts for the wealthy and massive cuts to the social safety net.

In reality, most Republican members of Congress were never truly opposed to the bill.

The bill is projected to add approximately $3.3 trillion to the debt over the next 10 years .

The bill lifts the cap for state and local taxes from $ 10,000 to $ 40,000 starting in 2025 , with phaseouts for consumers who earn more than $500,000 in income.

The Congressional SALT Caucus also came around to supporting the bill after demanding changes to the SALT deduction.

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semi-formal

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English

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