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The proposal has widespread support from the public, lawmakers in both parties and employers who believe such a law will bring relief to the working class. But many critics say that it would come with an enormous cost to the government while doing little to help the workers who need it most.
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GOP leaders aim for a swift House vote on the Big Beautiful Bill, using a manager's amendment to secure support, as debt ceiling deadlines loom.
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GOP factions clash over Medicaid, SALT, and green energy tax credits as Speaker Mike Johnson seeks unity on major legislative bill.
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Dow Jones Today: Stocks Plunge, Treasury Yields Surge as Investors Monitor Tax Bill; Dow Drops 800 Points, Bitcoin Wavers After Hitting Record High InvestopediaDow sinks 800 points as bond market starts to freak out over Trump's tax bill CNNStocks to Watch: Dow Closes 800 Points Lower; Treasury Yields Rise in Global Bond Selloff — Live Updates WSJDow slides more than 800 points as spiking Treasury yields and deficit fears spur a sell-off: Live updates CNBC
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NPR's Steve Inskeep speaks with New York Rep. Mike Lawler about Republicans' divisions that threaten to derail the ongoing budget negotiations.
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