House Republicans passed their version of legislation to overhaul the U.S. tax code, adding an estimated $1.4 trillion to the federal deficit over the next decade.
The tax bill the House rolled out today would cap mortgage-interest deductions, tax large university endowments, but includes 'no changes' to 401(k) plans.
The long-awaited Trump tax plan released today will immediately set off a fight over how much top earners should pay in taxes, while other items in it prompted GOP senators to say they won't rubber-stamp it.
Billions of dollars in U.S. health spending are at stake for hospitals, insurers and doctors who are worried by estimates that 24 million fewer Americans would be insured by 2026 under the House bill.
Representative Fred Upton of Michigan told reporters at the White House after a meeting with President Donald Trump that hes ready to vote for the bill once a new amendment he helped devise is added.
House GOP leaders arent ready to hold a vote this week on their stalled health-care bill, despite intense pressure from the White House to deliver on a long-promised repeal of the ACA.
'The Democrats want to shut government if we dont bail out Puerto Rico and give billions to their insurance companies for OCare failure,' Trump wrote on Twitter.