Trump’s ‘Big’ and ‘Beautiful’ tax cut bill suffers a major blow as his own party fails to pass the legislation

fortune.com/2025/05/16/trump-tax-cut-bill-congress-house-gop-johnson

In a massive setback, House Republicans failed Friday to push their big package of tax breaks and spending cuts through the Budget Committee, as a handful of conservatives joined all Democrats in a stunning vote against it.
The hard-right lawmakers are insisting on steeper spending cuts…

This story appeared on fortune.com, 2025-05-16 17:59:27.
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