Trump is heading to Congress to push his ‘big, beautiful bill’ as it risks collapse ahead of votes this week

Quick Summary:

Trump has implored GOP holdouts to "STOP TALKING, AND GET IT DONE.” But negotiations are slogging along.

As it stands, the bill would triple what’s currently a $10,000 cap on the state and local tax deduction, increasing it to $30,000 for joint filers with incomes up to $400,000 a year.

The Committee for a Responsible Federal Budget, a nonpartisan fiscal watchdog group, estimates that the House bill is shaping up to add roughly $3.3 trillion to the debt over the next decade.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Lisa Mascaro, Kevin Freking, Leah Askarinam, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Republican Party Donald Trump Debt Federal budget Budget Budget Deficit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 09:45:35 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 843 words

Reading Time: 5 minutes read

Sentences: 5 lines

Sentence Length: 169 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28870131

View Article Analysis

About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 50 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions