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GOP bill cuts social spending—but popular tax break for hedge funds survives

Upworthy Friday, 23 May 2025 ()
When Republicans passed Donald Trump’s “big, beautiful” tax bill on Thursday, they included provisions to partially offset the costs, including significant cuts to Medicaid and food stamps. One area lawmakers didn’t touch: the so-called carried interest loophole that offers beneficial tax…
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News video: Breaking: U.S House Passes Trump’s BIG, BEAUTIFUL Tax Bill By One Vote | Military Up, DEI Axed

Breaking: U.S House Passes Trump’s BIG, BEAUTIFUL Tax Bill By One Vote | Military Up, DEI Axed 03:19

 President Trump's sweeping tax and spending bill has passed the House with a razor-thin 215–214 vote, despite opposition from all Democrats and two Republicans. The 1,000-page bill advances Trump’s 2017 tax cut agenda, expands deportation powers, boosts military spending, and slashes green energy...

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