House approves slate of Natural Resources Committee bills
The House cleared H.R. 167 the 'Community Reclamation Partnerships Act,' by voice vote. Rep. Darin LaHood (R-Ill.) reintroduced the bill to protect third-party groups from liability for helping clean up abandoned mine sites and water.
LaHood's bill would amend the Surface Mining Control and Reclamation Act of 1977 to encourage states and groups to work together to address sites abandoned before the law passed. The Senate didn't take up a similar proposal last Congress.
Advertisement
The House also approved Wyoming Republican Rep. Harriet Hageman's H.R. 677, the 'Expedited Appeals Review Act,' by voice vote. The bill would allow entities with cases before Interior's Board of Land Appeals to demand an expedited review if their case isn't resolved within 18 months.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
22 minutes ago
- Business Insider
How Trump's Megabill Affects Your Taxes
On Thursday, the House voted 218-214 in favor of passing President Trump's bill. Today, Trump will hold a bill signing ceremony at 5 p.m. Eastern Time to sign the bill into law. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Of course, the topic that many American citizens are concerned about is the tax implications of the bill. Let's dive in. First, the standard deduction will increase to $15,750 from $15,000 for single filers and $31,500 from $30,000 for married couples filing jointly. Next, the maximum state and local tax (SALT) deduction will rise to $40,000 from $10,000. It will increase by 1% through 2029 before reverting to $10,000 in 2030. However, all filers making more than $500,000 per year will be subject to SALT deduction phase-outs. The deduction only applies to people who choose to file an itemized tax return. Specific Tax Breaks from Trump's Megabill Parents will benefit from the bill, as the child tax credit will increase by 10% to $2,200 from $2,000 beginning next year. Workers who receive tips will be able to deduct up to $25,000 of tip money from their taxes. The deduction is lower for workers making more than $150,000. Overtime workers will receive a maximum overtime pay deduction of $12,500 for single filers making up to $150,000 and $25,000 for married couples. The new policies for tip and overtime workers only apply on a federal level and not on a state level; they will be in effect from 2025 to 2028. For car buyers, the $7,500 electric vehicle tax credit for new vehicles and $4,000 tax credit for used EVs will expire on September 30. At the same time, taxpayers will be able to deduct up to $10,000 in auto loan interest payments from their taxable income if the purchased vehicle is made in the U.S. The deduction decreases for those with an income above $100,000. Finally, people above the age of 65 making $75,000 or less will be able to deduct $6,000 from their taxable income. Married seniors making $150,000 or less will be able to do the same.
UPI
2 hours ago
- UPI
Trump signs 'One Big, Beautiful Bill' during Military Family Picnic
1 of 3 | President Donald Trump and First Lady Melania Trump greet attendees at the Military Family Picnic and signing ceremony for the One Big Beautiful Bill on the South Lawn of the White House on Friday. Photo by Kent Nishimura/UPI | License Photo July 4 (UPI) -- President Donald Trump signed into law House Resolution 1, which he called "One Big, Beautiful Bill," while hosting a Military Family Picnic event at the White House on Friday evening. The bill signing included a flyover of a pair of F-35 fighters escorting a B-2 Spirit bomber, which is the same type that dropped 30,000-pound bunker-buster bombs on Iranian nuclear facilities on June 21. Some 150 airmen and airwomen from Whiteman Air Force Base in Missouri were among the military members and their families who attended the picnic and bill signing. "The American people gave us a historic mandate in November," Trump said of his election victory over former Vice President Kamala Harris. A triumph of democracy Trump called the bill's passage a "triumph of democracy on the birthday of democracy," and said it is "the most popular bill ever signed in the history of our country." It includes the single largest tax cut, the largest spending cut and the largest border security investment in U.S. history, the president said. He said the measure modernizes the military, funds the creation of a" golden dome" national air defense system and drives economic growth. "This bill will fuel massive economic growth and lift up the hardworking citizens who make this country run -- the factory workers, farmers, mechanics, waiters, waitresses, police officers, firefighters, coal miners [and] truck drivers," Trump said. The bill makes tax cuts permanent, including no tax on tips, overtime and Social Security, the president said. It also makes the child tax credit permanent, creates a tax deduction on the interest paid on the purchase of new U.S.-made vehicles and eliminates the estate tax on family farms and small businesses. The 'Golden Age' of America Trump said the bill cuts taxes on new businesses and existing ones that build and expand their operations. "We have hundreds of factories, including car plants and [artificial intelligence], coming into our country at levels we have never seen," he told the audience. "Not only will we have the strongest economy on Earth, we also will have the strongest borders," Trump said, adding that there were no recorded illegal border crossings into the United States in June. "We are creating an economy that delivers wealth for the middle class, a border that is sovereign and secure, and a military that is unmatched[and] unequaled anywhere in the world," Trump said. "The Golden Age of America is upon us," the president said. "It's going to be a period of time, the likes of which ... the country has never experienced before." Lawmakers were thanked ahead of signing Trump thanked House Speaker Mike Johnson, R-La., Senate Majority Leader John Thune, R-S.D., and other Republican lawmakers who were among those in attendance for delivering the bill for signing on Independence Day. The controversial measure provides funding for the federal government for fiscal year 2026, which begins on Oct. 1, but adds an estimated $3.4 trillion to the national debt over the next 10 years. Trump said it reduces spending by $1.7 trillion while also delivering the "largest tax cut" in the nation's history. Trump delivered the 25-minute speech from the south portico of the White House and signed the bill into law from a small desk placed outside, while surrounded by supporters at 5:45 p.m. EDT Johnson then presented the gavel used when the House passed the bill on Thursday. Trump accepted the gavel and banged it several times on the small desk to conclude the signing and end the bill's legislative journey on Capitol Hill.
Politico
3 hours ago
- Politico
Trump signs his tax and spending cut bill at the White House July 4 picnic
'America's winning, winning, winning like never before,' Trump said, noting last month's bombing campaign against Iran's nuclear program, which he said the flyover was meant to honor. 'Promises made, promises kept and we've kept them.' The White House was hung with red, white and blue bunting for the regular Fourth of July festivities. The United States Marine Band played patriotic marches — and, in a typical Trumpian touch, tunes by 1980s pop icons Chaka Khan and Huey Lewis. The two separate flyovers bookended Trump's appearance and the band playing the national anthem. Democrats assailed the package as a giveaway to the rich that will rob millions more lower-income people of their health insurance, food assistance and financial stability. 'I never thought that I'd be on the House floor saying that this is a crime scene,' Democratic leader Hakeem Jeffries of New York said during a record-breaking speech that delayed the bill's passage by eight-plus hours. 'It's a crime scene, going after the health, and the safety, and the well-being of the American people.' The legislation extends Trump's 2017 multitrillion-dollar tax cuts and cuts Medicaid and food stamps by $1.2 trillion. It provides for a massive increase in immigration enforcement. Congress' nonpartisan scorekeeper projects that nearly 12 million more people will lose health insurance under the law. The legislation passed the House on a largely party-line vote Thursday, culminating a monthslong push by the GOP to cram most of its legislative priorities into a single budget bill that could be enacted without Senate Democrats being able to block it indefinitely by filibustering. It passed by a single vote in the Senate, where North Carolina Republican Thom Tillis announced he would not run for reelection after incurring Trump's wrath in opposing it. Vice President JD Vance had to cast the tie-breaking vote. In the House, where two Republicans voted against it, one, conservative maverick Tom Massie of Kentucky, has also become a target of Trump's well-funded political operation. The legislation amounts to a repudiation of the agendas of the past two Democratic presidents, Barack Obama and Joe Biden, in rolling back Obama's Medicaid expansion under his signature health law and Biden's tax credits for renewable energy. The Congressional Budget Office estimates the package will add $3.3 trillion to the deficit over the decade and 11.8 million more people will go without health coverage.
