House Passes Trump's Tax Bill

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tax cuts

PBS

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US Politics

WATCH LIVE: Trump expected to sign tax and spending megabill Friday

Summary

Nutrition label

74% Informative

At nearly 900 pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities.

Republicans say the bill is crucial because there would be a massive tax increase after December when tax breaks from Trump ’s first term expire.

The wealthiest households would see a $ 12,000 increase from the legislation, and the bill would cost the poorest people $ 1,600 a year, mainly due to reductions in Medicaid and food aid.

Republicans propose to roll back tax breaks designed to boost clean energy projects fueled by renewable sources such as energy and wind.

A tax break for people who buy new or used electric vehicles would expire on Sept. 30 of this year , instead of at the end of 2032 under current law.

A $ 200 tax on gun silencers and short-barreled rifles and shotguns was eliminated.

A provision was thrown in at the final hours that will provide $10 billion annually to rural hospitals.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity