On May 14, 2025, the House Ways and Means Committee successfully advanced a $3.8 trillion tax bill, a key component of the Republican-led reconciliation package, following an extensive overnight markup session. The committee began its deliberations at 2:30 PM on May 13 and concluded at 8:00 AM on May 14, totaling over 17 hours of debate. The bill passed with a party-line vote of 26-19, reflecting strong Republican support. This sweeping tax package is part of a broader GOP effort to implement significant fiscal reforms, though details on specific provisions like the State and Local Tax (SALT) deduction remain unresolved. The markup saw Democrats propose several amendments, all of which were rejected by the Republican majority. The bill now moves forward for further consideration, while the Energy and Commerce Committee continues to address related spending cuts in the reconciliation process.
34news.online
34news.online
