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Pa. Democratic U.S. Sen. John Fetterman, left, said he would oppose the "One, Big, Beautiful Bill" passed by the GOP-controlled House while GOP Sen. Dave McCormick seemed poised to support it. (AP Photo/Marc Levy, File) (AP Photos/J. Scott Applewhite (Fetterman) and Marc Levy (McCormick))
The “one big, beautiful bill” has passed the House and is now headed to the Senate. The Washington Examiner spoke with Kevin Brady, former House Ways and Means Committee chairman, about how the $4 trillion reconciliation bill compares to the 2017 Tax Cuts and Jobs Act.
The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
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Others, including Sen. Ron Johnson (R-WI), have voiced similar concerns about the bill’s steep cost, worrying that it is “mortgaging our children's future.”