House Republicans successfully passed a multitrillion-dollar tax breaks package after an all-night session, unifying despite initial opposition. Speaker Mike Johnson claimed the legislation would restore American prosperity. The bill, pivotal for GOP goals, extends prior tax breaks and introduces new ones, demonstrating the party's alignment with Trump's vision. Under pressure from the administration for swift action, Republicans also proposed changes to Medicaid and food assistance to offset revenue losses. The contentious vote reflects ongoing tensions within the party and the high stakes involved in advancing their economic policies.
House Republicans worked through the night to pass a $4.5 trillion tax breaks package championed by Speaker Mike Johnson, overcoming internal skepticism and unified support."
Speaker Mike Johnson claimed the bill would lead Americans "back to winning again," positioning it as essential for revitalizing the struggling U.S. economy.
Trump's administration strongly incentivized passing the bill, framing its failure as a potential "ultimate betrayal" of GOP promises, showcasing its political stakes.
The package includes tax breaks initiated during Trump's first term but also introduces new exemptions, alongside further restrictions on Medicaid and food assistance programs.
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