NewsBite

Trump tax bill holdouts lured with Medicaid cuts, new concession cap

Washington | House Republican leaders released a new version of President Donald Trump’s massive tax and spending bill with a higher limit on the deduction for state and local taxes and other changes in a bid to win over warring GOP factions to support the legislation.

The updated legislation released on Wednesday night (Thursday AEST) also would speed up cuts to Medicaid and elimination of Biden-era clean energy tax breaks, a demand of hardline conservatives.

Loading...

Reuters

Read More

Latest In North America

Fetching latest articles

Most Viewed In World

    Original URL: https://www.afr.com/world/north-america/us-congress-set-for-massive-tax-vote-as-bond-market-in-turmoil-20250522-p5m19q