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House Tax Panel Releases Partial Version of Trump Bill
News May 12, 2025 at 09:19 AM
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What You Need To Know
- The bill raises the maximum child tax credit to $2,500 and the estate tax exemption to $15 million.
- It does not address the SALT cap or a tax increase on millionaires.
- There is no text yet on top Trump pledges to end taxes on tips, overtime and Social Security benefits.
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