It turns out that all of those „no“ votes in committee didn’t amount to much once the tax bill hit the House floor on Thursday morning.
It turns out that all of those “no” votes in committee didn’t amount to much once the tax bill hit the House floor on Thursday morning.
House Republicans passed the “big, beautiful tax bill” with a 215-214 vote. Only two Republicans, Warren Davidson (Ohio) and Thomas Massie (Ky.) voted “no” on the grounds that the bill would add significantly to federal deficits—two others, Andrew Garbarino (N.Y. and David Schweikert (Ariz.) didn’t vote, while Andy Harris (Md.) voted “present.” The tax portion of the bill before any changes were made, would cost $3.7 trillion over the next decade, according to the Joint Committee on Taxation (JCT).
House Speaker Mike Johnson (R-LA) had hoped to get the bill to the finish line in the House before the Memorial Day break, which starts tomorrow. But first, he would have to woo votes from Republicans unhappy with, among other things, the limits on the state and local tax (SALT) deduction and the delay in new work requirements for Medicaid, in addition to the overall cost of the package. Following some tweaks, the House voted on the package without knowing the final cost, a fact that Lloyd Doggett (D-Texas) touched on, saying, “The deficit hawks have become chicken hawks tonight, in submission to Trump, the self-described king of debt.”Key Differences
Johnson worked out some details with House Republicans to ensure a yes vote. You can read about the earlier version here.
Following is a look at some of the changes from the early version to the most recent version:State and Local Tax Deduction
Currently, if you itemize your deductions, you can deduct state and local income taxes or sales taxes and state and local property taxes—but only up to a $10,000 cap for all these taxes combined. This is often referred to as the SALT cap.
