Trump tax agenda to see faceoff between Dems, GOP as deadline looms

The House of Representatives in charge of writing the tax law in the United States meets on Tuesday afternoon to strengthen one of the most important parts of President Donald Trump “a beautiful and beautiful bill.”

Part of the overwhelming legislation revealed by the House and Means Committee on Monday will follow the promises of the Trump campaign to cancel taxes on advice and additional work fees, in addition to expanding the scope of tax cuts and jobs in 2017 for President TCJA, among other provisions.

parliament Speaker Mike Johnson, R, said no.

Republicans in the House of Representatives and the Senate are working on the Trump agenda through the budget settlement process, which allows the party in the authority to form the minority by reducing the Senate threshold from traffic to a simple majority, provided that the legislation proposed with spending, taxes or national debt.

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It is expected that the legislators in the committee will meet roads and means for at least several hours on Tuesday to distinguish the debate on the draft law.

It can go longer, however. The meeting and means of the Signs Committee in 2021, when the Democrats were trying to transfer the construction better, lasted more than 35 hours over a period of four days because the Republicans withdrew the operation in opposing the progressive tax policies committed by Joe Biden.

Democrats are expected to fight an aggressive battle on Tuesday, after they have already accused Trump of trying to reduce taxes for the wealthy while they wander the critical programs of low -income Americans.

Representative Mike Thompson, the extension of California, a member of the committee, published on Monday on Monday, “exceeded a line from the last lines from 38 pages to the Republican Tax Law in our committee today. They have judgments to touch everyone: the richest people who get huge tax discounts, lose workers for health care and future generations because they are to add 5 dollars to the National TRLINAT National TRLINAT DEBT!”

However, the Republicans insisted on the heroes of the tax bills on the working and middle classes, noting that Trump eliminated advice on taxes and paying additional work as evidence points.

The part issued by the House Ways & Extress committee will increase during the weekend from the maximum of the current child tax from $ 2000 to $ 2,500. Trump Tcja doubled the maximum of $ 1,000 to $ 2000 in 2017.

Representative Jason Smith, R-MO, leaves a meeting of the Republican House of Representatives Conference in Capitol in the United States on February 14, 2024. (Tom Williams)

It will also enhance the maximum deduction of qualified business income, a tax rule known as 199A, from 20 % to 22 %. This would significantly affect the small business owners whose entities have taxes under individual income tax rates.

Trump’s promise to eliminate taxes on retirees is treated by giving the elderly the highest level.

“He puts the interests of low-income working families before the wealthy by expanding the scope of the tax mitigation of those who need it more than others-including the president’s priorities of not having a tax on advice, additional work and additional relief for the elderly in America.”

The legislation also fits on colleges and major universities, including the Livive League championships such as Harvard University, which is being imprisoned in a battle on freedom of expression with the White House. It targets these largest schools with higher taxes, and they are federal duties driven on net profits for school investments.

This rate is currently 1.4 %, but legislation will reach 21 % for the largest schools, such as Harvard University and Yale University.

The Republican House

The approximately 400 -page legislation must be passed by the Roads and Melage Committee on Tuesday before it was added to a larger legislative framework, which will include similar draft laws from 10 other parliament committees that deal with policies under its jurisdiction.

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House Energy & Commerce, for example, also meets on Tuesday afternoon to strengthen the part of the bill. The wide -ranging committee has the judicial authority on Medicaid and Medicare, energy and wireless communications.

The Agriculture Committee in the House of Representatives, which supervises federal food programs such as the additional nutritional aid program, meets on Tuesday evening to enhance its part.

The House of Representatives and the Senate Council must pass identical publications from the final draft law before it arrives at the Trump office to sign.

Tyler Olson in Fox News contributed to this report.