House Republicans working on passing President Trump's tax bill
House Republicans are working on passing President Donald Trump's tax bill, facing challenges from deficit hawks. Trump is considering raising taxes on the super rich, which could resonate with working-class Americans but faces opposition from conservatives. The bill also includes unresolved issues like a deduction for state and local taxes and health assistance.
Key Points
- House Republicans facing challenges in passing tax bill
- Trump considering raising taxes on individuals making $2.5 million or more
- Debate on tax policies and their impact on different income groups
Pros
- Potential tax reductions for working-class Americans
- Addressing revenue gap through tax increases on the super rich
Cons
- Opposition from deficit hawks and conservatives against tax increases
- Unresolved issues like deduction for state and local taxes and health assistance