House Republicans reveal details about Trump tax plans

Cnn
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House Republicans presented one of the most critical pieces of President Donald Trump's domestic agenda on Monday: as plans to issue trillion dollars for tax relief.

The long -awaited tax plans include some of Trump's major campaign promises, including the scrap of federal taxes, on tips, on the payment of overtime and for autocreditz interest. It is a big victory for Trump, as is the name of the legislation – “the one large, beautiful draft law” that adopts the president's nickname for legislation.

As expected, it also includes Trump's demand for a debt limit that would cost a total of 4 trillion US dollars to delete the problem for further years. The congress must increase the debt limit before its break in August to prevent delay, and Trump hopes to do this with this legislation instead of voting a contract with Democrats.

The invoice includes dozens of tax extensions from Trump's tax law from 2017. There is also a relatively new idea and so -called “Maga” parking account for children under the age of 18. It is short that “money accounts for growth and progress” would create a new, flexible type of tax -free savings account for children.

A headache in the GOP does not solve it: the struggle for state and local taxes. The tax bill of Republicans of the Republicans would triple the current upper limit for state and local taxes, from 10,000 to 30,000 dollars a year, but is limited to people who earn $ 400,000 or less.

Republicans from high tax states such as New York, New Jersey and California have already rejected this policy publicly and privately, although it is unclear how much levers they have to change before the final calculation. Some of these GOP legislators have privately requested an upper limit of up to $ 60,000.

Moders within the GOP quickly criticized the proposed Republican tax plan, which was published on Monday for its salt regulations.

The right -wing extremist flank also appeared far from being sold.

“I am still open -minded because due to our powerful efforts to force changes have been made progress. But we cannot continue the path we have on the way – and we will need significant additional changes to collect my support,” wrote rep. Chip Roy from Texas on X.

Roy describes a long list of concerns and wrote: “The draft law definitely reduces the deficit?

The Republicans of the New York, including representatives Elise Stefanik, Mike Lawler, Andrew Garbarino and Nick Lalota, had already said last week that a balance cap of $ 30,000 was too low to win their support.

Lalota was pressed for a proposed 30,000 -olar upper limit last week and said “Hell No”, that was not acceptable.

After responding to X on Monday after seeing the proposed text, he said: “Still a hell.”

CNNS Manu Raju, Lauren Fox and Morgan Rimmer contributed to this report.