After a grueling 17-hour hearing, the House Ways and Means Committee advanced President Donald Trump's sweeping tax and border security legislation, dubbed the “big, beautiful” bill. The session, marked by bipartisan fatigue, saw lawmakers from both parties caught on camera dozing off during deliberations.
The House Ways and Means Committee on Friday released the framework for President Donald Trump’s latest tax agenda, aimed at extending the 2017 Tax Cuts and Jobs Act (TCJA) and expanding relief for working families. The move marks a key pillar of Trump’s 2025 economic platform, with Republicans preparing to fast-track the legislation using the budget reconciliation process.
Senator Bernie Moreno (R-OH) declared Saturday that Republicans are fully committed to advancing President Donald Trump’s sweeping economic agenda, emphasizing that “failure is not an option” when it comes to making Trump-era tax cuts permanent and reviving American prosperity.
House Speaker Mike Johnson has expressed opposition to the idea of raising the top tax rate on high-income earners, despite reports that some Republicans are considering such a measure to fund President Trump's proposed agenda.
As Republican lawmakers debate how to finance the extension of President Donald Trump’s tax cuts, fiscal and energy policy organizations are urging them to eliminate costly green energy subsidies.
Newly confirmed Treasury Secretary Scott Bessent has warned that America is facing an economic crisis if Congress fails to extend the 2017 Tax Cuts and Jobs Act (TCJA). If the law expires on December 31, small businesses and American taxpayers will face a massive $4 trillion tax hike. Bessent and conservative lawmakers are pushing for a permanent extension of the TCJA to prevent economic hardship and ensure stability for the nation’s small businesses.
