Trump Bends Congress to His Will on Tax Cut Agenda

News March 03, 2025 at 12:05 PM
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What You Need To Know

  • His tax plan, which needs just a simple majority in both chambers, could be enacted as early as May.
  • Senate Republicans are eyeing a budget gimmick counting the extension of Trump’s 2017 tax cuts as zero dollars because it’s current policy.
  • There's also a chance that the $10,000 cap on state and local tax deductions could be lifted and the estate tax could end, too.
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