WSJ Opinion: Potomac Watch cover image

What's in the House GOP's ‘Big Beautiful’ Tax Bill?

WSJ Opinion: Potomac Watch

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Navigating Tax Credits and New Savings Initiatives

This chapter explores proposed adjustments in tax policy, including the phase-out of renewable energy tax credits and the introduction of MAGA accounts designed for children's education and home ownership. Additionally, it examines the ongoing debates over state and local tax deductions, particularly the conflicting views among Republican members on increasing deductibility limits.

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