House Republicans push through $1.5 trillion tax bill
House Republicans passed their party's $1.5 trillion tax plan Tuesday, sending the bill along to the Senate, where it could face a vote as soon as Tuesday evening. The measure passed 227-203, with 12 Republicans voting with all Democrats against the measure.
"Today we are giving the people of this country their money back," House Speaker Paul Ryan said in a triumphant speech before the vote.
If subsequently approved by the Senate, as expected, the tax bill will be the first big legislative win for Republicans this year. It slashes the corporate tax rate to 21 percent from 35 percent, lowers the top rate for the richest Americans, and gives more modest temporary tax cuts to everyone else. By 2027, however, taxes will go up for everyone earning up to $75,000. It is projected to add $1.46 trillion to the deficit over 10 years.
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.
In a new CNN poll, 55 percent of U.S. adults oppose the tax bill, while 33 percent support it.
-
Quiz of The Week: 7 – 13 FebruaryQuiz Have you been paying attention to The Week’s news?
-
Nordic combined: the Winter Olympics sport that bars womenIn The Spotlight Female athletes excluded from participation in demanding double-discipline events at Milano-Cortina
-
Samurai: a ‘blockbuster’ display of Japanese heritageThe Week Recommends British Museum show offers a ‘scintillating journey’ through ‘a world of gore, power and artistic beauty’
-
House votes to end Trump’s Canada tariffsSpeed Read Six Republicans joined with Democrats to repeal the president’s tariffs
-
Bondi, Democrats clash over Epstein in hearingSpeed Read Attorney General Pam Bondi ignored survivors of convicted sex offender Jeffrey Epstein and demanded that Democrats apologize to Trump
-
El Paso airspace closure tied to FAA-Pentagon standoffSpeed Read The closure in the Texas border city stemmed from disagreements between the Federal Aviation Administration and Pentagon officials over drone-related tests
-
Judge blocks Trump suit for Michigan voter rollsSpeed Read A Trump-appointed federal judge rejected the administration’s demand for voters’ personal data
-
US to send 200 troops to Nigeria to train armySpeed Read Trump has accused the West African government of failing to protect Christians from terrorist attacks
-
Grand jury rejects charging 6 Democrats for ‘orders’ videoSpeed Read The jury refused to indict Democratic lawmakers for a video in which they urged military members to resist illegal orders
-
Judge rejects California’s ICE mask ban, OKs ID lawSpeed Read Federal law enforcement agents can wear masks but must display clear identification
-
Lawmakers say Epstein files implicate 6 more menSpeed Read The Trump department apparently blacked out the names of several people who should have been identified
