Trump, bill and tax cut
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The multitrillion-dollar tax breaks package passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago while supporting increased mining, drilling and other traditional energy production.
Speaker Mike Johnson (R-Louisiana) finished negotiating with warring factions of the House GOP conference late Wednesday and began alerting lawmakers about the final changes to Trump’s One Big Beautiful Bill. Votes could come in the wee hours Thursday morning.
The tax and spending bill, which must still pass in the Senate, includes sweeping changes to the tax code, Social Security and more.
US President Donald Trump’s signature tax bill passed the 435-member House of Representatives on Thursday morning by one vote. The sprawling, multitrillion-dollar package proposed by Republicans, which would (among many other things) slash funding for safety net programs in favor of extending tax cuts,
House Republicans advanced a sweeping spending package that would roll back Biden-era tax credits for renewable energy projects. If the bill passes the Senate and makes it to President Donald Trump’s desk to sign, it could deal a serious blow to renewables, new nuclear technologies, and clean energy manufacturing across the US.
Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers.
Trump's big beautiful bill gets crucial vote to move on. What to know about reconciliation bill details: no tax on tips, overtime or Social Security.
Four conservative rebels voted “present” to let the bill move forward. Republicans said they would resume talks on Trump’s “big beautiful bill” on Monday.