Trump's Big Tax Bill Clears The House
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The House of Representatives is advancing the "One Big Beautiful Bill Act," a comprehensive tax and spending package that includes several provisions directly affecting senior citizens. While the bill offers certain tax benefits for older Americans, it also proposes cuts to programs that many seniors rely on.
House Republicans' "one, big, beautiful" tax bill includes a new perk for older adults: a $4,000 deduction, framed as a "bonus." The deduction would be available to individuals ages 65 and over who meet certain income and other requirements.
Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each year.
The budget bill approved by the House promises to benefit many food workers, but some details are still unclear.
During the marathon Ways and Means Committee meeting scrutinizing the new Republican tax bill, Rep. John Larson (D-Conn.) asked Joint Committee on Taxation Chief of Staff Thomas Barthold about key details,
The House-passed reconciliation bill containing most of President Donald Trump’s agenda won’t clear the Senate in its current form. CQ Roll Call’s Caitlin Reilly, Peter Cohn and David Lerman outline the changes that could be on the table and the competing demands among Senate Republicans that will make final passage a tough slog.