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President Donald Trump had previously set a July 4 deadline for Congress to pass his sweeping tax and spending package, known as the "One Big Beautiful Bill Act," and deliver it to his desk for signing.
The proposals from Republicans keep in place the current $10,000 deduction of state and local taxes, called SALT, drawing quick blowback from GOP lawmakers from New York and other high-tax states.
Now there are two versions of the "One Big Beautiful Bill," and they have some key differences for Republican lawmakers to work out.
Blue state House Republicans warn Senate GOP against removing SALT deduction increase from tax bill, with Rep. Mike Lawler declaring any such move 'dead on arrival' as negotiations continue.
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6hon MSN
Transportation Secretary Sean Duffy said he “aggressively” supported the Big Beautiful Bill Act on Monday, but admitted it is only “a start” at meeting the Federal Aviation Administration’s needs as it works to overhaul its air traffic control system.
Solar energy stocks dropped sharply on Tuesday as the market digested cuts to renewable power tax credits in the Senate's version of the budget bill.
Big, Beautiful Bill timeline in jeopardy as Senate vote delays to June 22, leaving a tight window for House approval before the Treasury's early July debt ceiling deadline