On Tuesday the House passed the Republican Tax Plan by a 227-203 margin. Politico Tax Reporter Aaron Lorenzo explains the path forward for this legislation in the Senate, and how individuals and corporations will be impacted.
Lorenzo says he expects the GOP plan to pass the Senate, and signed by President Trump before the end of the year. The bill is a $1.5 Trillion tax cut which nearly doubles standard deduction, and cuts the corporate tax rate from 35 percent to 21 percent. Lorenzo says he expect retail to be a big winner, because they do not face a big margin.
According to a recent Gallup Poll, more than half of Americans say the proposed tax cuts would not help their families financial situation, and would not help the U.S. economy.
A former U.S. diplomat has been arrested and accused of being a secret Cuban spy.
Philadelphia City Council passed legislation to ban ski masks in some public spaces, a measure supporters say will increase public safety amid high violent crime, but opponents argue it will unfairly target people without proof of any wrongdoing.
A federal appeals court ruled that former President Donald Trump won't have presidential immunity in civil lawsuits related to the January 6th attack on the Capitol.
The 2023 United Nations Climate Change Conference known as COP28 kicked off in Dubai and major progress is already being made.
California Gov. Gavin Newsom and Florida Gov. Ron DeSantis squared off in a very unusual political debate Thursday night on Fox News.
Retired Justice Sandra Day O'Connor, the first woman on the Supreme Court, died Friday, the high court said.
Sen. Rand Paul successfully performed the Heimlich maneuver on fellow Sen. Joni Ernst as she choked at a GOP lunch that she was hosting.
Israeli fighter jets hit targets in the Gaza Strip minutes after a weeklong truce expired on Friday, signaling that the war with Hamas has resumed in full force.
Democrats on the Senate Judiciary Committee voted Thursday to authorize subpoenas for two prominent conservatives who arranged luxury travel and other benefits for Supreme Court justices, but Republicans planned to object to the legitimacy of the action.
Someone in China created thousands of fake social media accounts designed to appear to be from Americans and used them to spread polarizing political content in an apparent effort to divide the U.S. ahead of next year's elections, Meta said Thursday.
