Jessica Mendoza

That's our colleague, Rich Rubin. He writes about tax policy, and he's been covering the bill as it moves through Congress. In a nutshell, what is this bill? Like, why is it so big and so beautiful?

That's our colleague, Rich Rubin. He writes about tax policy, and he's been covering the bill as it moves through Congress. In a nutshell, what is this bill? Like, why is it so big and so beautiful?

That's our colleague, Rich Rubin. He writes about tax policy, and he's been covering the bill as it moves through Congress. In a nutshell, what is this bill? Like, why is it so big and so beautiful?

The bill mainly has to do with taxes, but it touches all kinds of other stuff, from border funding to electric vehicles to education. But so far, the bill has faced some opposition, not just from Democrats, but from within the GOP, putting the party's fault lines on full display.

The bill mainly has to do with taxes, but it touches all kinds of other stuff, from border funding to electric vehicles to education. But so far, the bill has faced some opposition, not just from Democrats, but from within the GOP, putting the party's fault lines on full display.

The bill mainly has to do with taxes, but it touches all kinds of other stuff, from border funding to electric vehicles to education. But so far, the bill has faced some opposition, not just from Democrats, but from within the GOP, putting the party's fault lines on full display.

Welcome to The Journal, our show about money, business, and power. I'm Jessica Mendoza. It's Tuesday, May 20th. Coming up on the show, why Trump's big, beautiful bill has become a big pain for Republicans. This year's tax bill has a lot to do with another major tax bill, one that Republicans passed back in 2017 during Trump's first term. When that bill became law, it was a huge deal for the GOP.

Welcome to The Journal, our show about money, business, and power. I'm Jessica Mendoza. It's Tuesday, May 20th. Coming up on the show, why Trump's big, beautiful bill has become a big pain for Republicans. This year's tax bill has a lot to do with another major tax bill, one that Republicans passed back in 2017 during Trump's first term. When that bill became law, it was a huge deal for the GOP.

Welcome to The Journal, our show about money, business, and power. I'm Jessica Mendoza. It's Tuesday, May 20th. Coming up on the show, why Trump's big, beautiful bill has become a big pain for Republicans. This year's tax bill has a lot to do with another major tax bill, one that Republicans passed back in 2017 during Trump's first term. When that bill became law, it was a huge deal for the GOP.

Here's the House speaker at the time, Paul Ryan.

Here's the House speaker at the time, Paul Ryan.

Here's the House speaker at the time, Paul Ryan.

The bill represented the biggest overhaul of the U.S. tax system in decades. It cut the corporate tax rate to its lowest point since 1939, and it lowered individual taxes for most households. The tax law did face opposition. Democrats said the cuts favored the wealthy at the expense of poorer Americans.

The bill represented the biggest overhaul of the U.S. tax system in decades. It cut the corporate tax rate to its lowest point since 1939, and it lowered individual taxes for most households. The tax law did face opposition. Democrats said the cuts favored the wealthy at the expense of poorer Americans.

The bill represented the biggest overhaul of the U.S. tax system in decades. It cut the corporate tax rate to its lowest point since 1939, and it lowered individual taxes for most households. The tax law did face opposition. Democrats said the cuts favored the wealthy at the expense of poorer Americans.

And the tax cuts added to the national deficit, according to official estimates, which angered fiscal conservatives. But some of the tax cuts in the 2017 bill were temporary.

And the tax cuts added to the national deficit, according to official estimates, which angered fiscal conservatives. But some of the tax cuts in the 2017 bill were temporary.

And the tax cuts added to the national deficit, according to official estimates, which angered fiscal conservatives. But some of the tax cuts in the 2017 bill were temporary.

And Republicans are actually in a good position to renew a lot of the policies they put in place about eight years ago. They have majorities in both the House and the Senate, and they have Trump in the White House.

And Republicans are actually in a good position to renew a lot of the policies they put in place about eight years ago. They have majorities in both the House and the Senate, and they have Trump in the White House.