JOURNAL ARTICLE

Senate Republicans Plan to Release Major Revisions to Trump's Tax Bill.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wasson, Erik 3 of 3

Abstract

The article discusses Senate Republicans' plans to propose revised tax and health-care provisions to President Donald Trump's $3 trillion economic package, aiming for enactment before July 4. Key issues include potential changes to the state and local tax (SALT) deduction cap and the handling of Medicaid and Medicare cuts, which have sparked debate among fiscal conservatives and moderates. The Senate Finance Committee is expected to propose extending certain business tax breaks while facing pressure from various factions regarding green energy tax credits and health-care provisions. Despite challenges, GOP leaders maintain that the tax bill remains on schedule, with lawmakers prioritizing alignment with the president's agenda. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:185817622
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