Donald Trump, tax cut and Beautiful Bill Act
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Elon Musk said in an interview to be broadcast Sunday that he is “disappointed” with President Donald Trump’s massive tax and immigration package that cleared the House last week, noting that it could increase the federal deficit — which is at odds with the work of the U.
House Republicans are pushing a plan to tax money transfers sent by foreigners residing in the U.S. to friends and
The House proposal would enact Trump's major campaign promises while dramatically changing Medicaid, food benefits, income taxes and border security.
House Republicans approved President Donald Trump’s sprawling tax and immigration agenda Thursday morning, sending to the Senate legislation that the GOP hopes will transform the federal government and the economy and power the White House’s drive to deport immigrants and build up the military.
Elon Musk is criticizing the centerpiece of President Donald Trump’s legislative agenda, a significant fracture in a partnership that was forged during last year's campaign and was poised to reshape American politics and the federal government.
On May 22, Congress passed what it called the “One Big Beautiful Bill Act”—more than 1,100 pages of ideas President Donald Trump hopes will become law. Many of the concepts, including lower taxes for the wealthiest Americans and fewer benefits for the poorest, will affect residents of all 50 states.
President Donald Trump warned Republicans on Wednesday that failure to pass his massive tax and immigration package would be “ultimate betrayal.” In a statement, the White House said the bill needs to “pass immediately” to keep promises that Trump and fellow Republicans made while campaigning.