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However, Republican infighting and opposition from Democrats meant that Republicans were unable to pass a complete budget. [5] [6] In response, McCarthy cut deals with Democrats to raise the debt ceiling and keep the government open. [7] This led to his removal as speaker and the election of Mike Johnson as speaker. [8]
On May 22, the House Armed Services Committee approved its version of the 2025 National Defense Authorization Act, by a 57–1 vote. [6] As passed by the Committee, the bill included the Pentagon's controversial "Legislative Proposal 480", transferring Air National Guard space units to the Space Force; however, the Committee accepted an amendment proposed by Joe Wilson (R‑SC), watering down ...
The U.S. House of Representatives speaker said on Sunday he would stick with a "one big bill" strategy to pass President Donald Trump's tax-cut agenda and fund border and military priorities ...
An estimated 2 million California children in lower income families would benefit from the expansion of the federal child tax credit bill now moving through Congress, according to Washington’s ...
Key Provisions in the Proposed Tax Plan Extension of Tax Cuts and Jobs Act (TCJA) Provisions. One of the central elements of Trump's proposed tax plan is the extension of several provisions from ...
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Another component of Biden's 2025 budget proposal, even though not directly affected by the TCJA, calls for increasing the Medicare tax rate from 3.8% to 5% for those earning more than $400,000 ...
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.