At the end of the day, there's no way for us to backfill a cut of that magnitude,” said Jen Flood, state budget director for Gov. Gretchen Whitmer.

Sen. Rand Paul (R-KY) says at least four Senate Republicans are opposed to the “big beautiful bill” as the tax bill enters the upper chamber for consideration. Paul has suggested he won’t vote for the bill because it “explodes” the debt,

Sen. Ron Johnson of Wisconsin says he supports the president but wants to see the price of his sweeping tax bill come down before he supports it.

Legislation moving through Congress includes significant breaks for the affluent as the House rebuffs President Donald Trump’s suggestions.

The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

By Nora Eckert and David Shepardson DETROIT/WASHINGTON (Reuters) -Ford Executive Chair Bill Ford on Thursday sounded the alarm over the potential for the U.S. government to eliminate production tax credits that support the manufacturing of electric vehicle batteries using Chinese technology.

The estimated revenue impact of the GOP tax plan is estimated at about -$3.94 trillion, according to a document issued by the Joint Committee on Taxation.

Grimm, a Republican, was convicted in November 2014 of tax fraud and related charges stemming from his ownership of a Manhattan restaurant before joining Congress. Prosecutors said he underreported wages and revenue to the government, and that he filed false tax documents.