New York House GOP cheers tax bill while Democrats decry it
UPDATED 10:37 AM ET May. 23, 2025
House Republicans squeezed through their multitrillion-dollar tax breaks package on Capitol Hill in the early morning hours Thursday along party lines with no room to spare.
The bill extends some $4.5 trillion in tax breaks the GOP engineered during Trump's first term in 2017, while adding new ones he campaigned on during his 2024 campaign, including no taxes on tips, overtime pay, car loan interest and others.