House tax writers advance GOP bill after marathon, contentious hearing
Source: Politico
05/14/2025 08:30 AM EDT
The House Ways and Means Committee approved Republicans’ sweeping tax package Wednesday, after a marathon hearing in which they shot down a string of attempts by Democrats to rewrite the plan. Approval came on a party-line 26-19 vote, and sends the bill — stocked with tax cuts and some notable tax hikes on GOP targets like Ivy League colleges — on to the chamber’s Budget Committee. Lawmakers there will combine it with spending-cut legislation produced by other committees in preparation for floor action.
At the same time, Republican leaders appeared to be edging closer to a deal with a handful of holdouts upset with the bill’s hike in a limit on state and local tax deductions to $30,000, from the current $10,000. Some Republicans from high-tax states call that inadequate and have been threatening to kill the legislation. Lawmakers aim to push the bill through the entire chamber by Memorial Day, with Senate action to follow. Republican leaders then plan to roll the tax legislation into a megabill carrying most of President Donald Trump’s domestic policy agenda.
The tax hearing went all night, and was frequently contentious, with lawmakers battling over the plan’s likely winners and losers. Democrats called it a giveaway to the super rich, which Republicans rejected, pointing to plans to expand the Child Tax Credit and standard deduction, as well as create new breaks for tips and overtime pay.
Democrats offered failed amendments to preserve green energy incentives from the Inflation Reduction Act and credits to expand health care coverage under the Affordable Care Act. They also offered four separate amendments to block tax cuts for top earners, hit Trump’s tariff policies, proposed expanding incentives for child care and tried to block a credit for school choice.
Read more: https://www.politico.com/news/2025/05/14/house-tax-writers-advance-gop-bill-after-marathon-contentious-hearing-00347480
They apparently pulled an all-nighter where GOPers were falling asleep during the markup.
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Anyone doubt this will get rammed through?
