House Republicans pass Trump’s big bill of tax breaks
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WASHINGTON (AP) — House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package, with Speaker Mike Johnson defying the skeptics and unifying his ranks to muscle President Donald Trump ‘s priority bill to approval Thursday.
Democrats called out last-minute changes on the GOP-led “big beautiful” budget bill, some of which baffled lawmakers on the House Rules Committee. The manager’s amendment allows for alterations to the bill,
Republican holdouts appear to have a deal with House GOP leadership to advance President Donald Trump's sweeping tax policy bill. The legislation will be tweaked to move up the implementation of Medicaid work requirements from 2029 to December of 2026;
Medicaid has become a key hot button topic in the sweeping tax and spending cuts bill that House Republicans are scrambling to pass as soon as this week.
To attract buyers for the bonds that will finance that deficit, the federal government will have to pay higher interest rates.