No millionaire tax hike in Trump's 'big, beautiful bill'

House Republicans person seemingly dropped plans for a caller millionaire's taxation hike to wage for different priorities successful President Donald Trump's "big, beauteous bill."

The Ways & Means Committee, the House's tax-writing panel, released astir 400 pages of authorities connected Monday, mounting the signifier for permanently extending Trump's 2017 Tax Cuts and Jobs Act (TCJA), arsenic good arsenic a big of different caller Trump taxation priorities.

That includes nary taxes connected tipped and overtime wages, some of which are accomplished via caller taxation deductions.

For Trump's committedness to chopped taxes connected seniors' Social Security, the authorities temporarily increases the modular taxation deduction that seniors are allowed to take, affecting the extremity of past twelvemonth done the opening of 2029.

A side-by-side of the U.S. Capitol and President Donald Trump. (Getty Images/AP Images)

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