House Republicans to unveil their tax proposal Thursday after one-day delay


House Ways and Means Committee Chairman Kevin Brady (R-Texas) said Republicans will "definitely" release their tax bill on Thursday, "no question," after postponing its release to wrangle with other Republicans over issues like whether to scrap deductions for state and local taxes. A last-minute tweak they made to the bill left them hundreds of billions of dollars short, Politico reports, and they had to find revenue elsewhere in the bill to make up for that, and President Trump suggested on Twitter that the bill try to dismantle the individual mandate in the Affordable Care Act. Republicans are also reportedly arguing over what to call the bill, with Trump pushing for "The Cut Cut Cut Act." Tax cuts are the GOP's No. 1 legislative priority, and the White House warned Brady that the bill has to be released before Trump leaves for Asia on Friday.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Jared and Ivanka's Albanian island
Under The Radar The deal to develop Sazan has been met with widespread opposition
-
Storm warning
Feature The U.S. is headed for an intense hurricane season. Will a shrunken FEMA and NOAA be able to respond?
-
U.S. v. Skrmetti: Did the trans rights movement overreach?
Feature The Supreme Court upholds a Tennessee law that bans transgender care for minors, dealing a blow to trans rights
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off