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House GOP Tax Plan Risks Jobs, Energy Costs Spike

5/13/2025

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Summary

Story summary

House Republicans are pushing forward with a tax plan that aligns with President Trump's vision, targeting a completion date by Memorial Day. Key elements include making the 2017 tax cuts permanent, raising the SALT deduction cap, and slashing Medicaid. The proposal's elimination of clean energy tax credits has sparked worries about rising energy costs and potential job losses in Utah.

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Story summary

House Republicans are pushing forward with a tax plan that aligns with President Trump's vision, targeting a completion date by Memorial Day. Key elements include making the 2017 tax cuts permanent, raising the SALT deduction cap, and slashing Medicaid. The proposal's elimination of clean energy tax credits has sparked worries about rising energy costs and potential job losses in Utah.