The Trump Tax Cut Bill Advances in the House

BlockBeats News, May 19th: The U.S. House Panel approved the Trump Tax Cut Bill, preparing for a possible vote later this week.

Last Thursday, efforts by Republicans to advance President Trump's comprehensive tax bill in Congress faced a setback. Five hardline conservative Republicans joined all Democratic lawmakers in opposition because the hardliners demanded further cuts to healthcare assistance programs in exchange for their support in a key procedural vote. Republican leadership stated that the bill was not yet mature, and tax and healthcare assistance provisions would need significant modifications to win the support of the conservative faction. (Jinse)