Republicans, Trump and Tax Cut
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Republicans from high-tax blue states want higher cap for state-and-local tax deduction.
The full committee will debate and advance this legislation on ... fully extend the trillions in tax breaks he enacted via the Tax Cuts and Jobs Act, or TCJA, in 2017. Without TCJA extensions ...
It targets several clean energy tax credits implemented under the Democratic reconciliation bill passed under President Joe Biden, including eliminating tax credits for electric vehicles, credits for clean energy home investments, and sunsets tax credits for certain types of renewable energy production.
Three key panels are addressing some of the thorniest issues poised to make or break the Republicans' massive bill for Trump's agenda.