House passes Trump’s sweeping tax-cut bill and sends it to Senate

CNN

“It’s finally morning in America again,” the House speaker, Mike Johnson, said after the bill’s passage.
“The media and the Democrats have consistently dismissed any possibility the House Republicans could get this done.
They did not believe that we could succeed in our mission to enact president Trump’s ‘America first’ agenda.
“Now, it’s time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE!
There is no time to waste.” The bill will make good on several of Trump’s campaign promises, including extending tax cuts for individuals and corporations, and sunsetting clean energy incentives enacted under Joe Biden.

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Republicans in the House of Representatives passed a significant bill Thursday that would implement Donald Trump’s spending and tax policies, increase the US debt by trillions of dollars, and possibly deny millions of Americans access to federal safety net benefits.

With 215 votes in favor and 214 votes against, the slim Republican majority passed the One Big Beautiful Bill act in the early morning hours, largely along party lines. Weeks of negotiations that raised doubts about the GOP’s ability to reach a consensus on Trump’s top legislative priority in a chamber they control by just three seats came to an end with its passage.

After the bill was passed, House Speaker Mike Johnson declared, “It’s morning in America again at last.”. The possibility that the House Republicans could complete this has been continuously rejected by the Democrats and the media. They didn’t think we would be able to carry out President Trump’s “America first” policy. However, they have once again been shown to be mistaken, and this is a significant one. “”.

Trump applauded the outcome and urged the Senate to move swiftly to approve the bill. “This is possibly the most important piece of legislation that our nation will ever sign!” he wrote on Truth Social. There is no time to waste, so our friends in the US Senate need to get to work and get this bill to my desk as soon as possible. “.”.

Several of Trump’s campaign pledges will be fulfilled by the bill, such as prolonging corporate and individual tax breaks and ending Joe Biden’s clean energy incentives. Additionally, it offers $1,000 to parents who open “Trump accounts” for their kids, raises the deduction for older taxpayers, and lowers taxes on tips, overtime, and auto loan interest—but only while Trump is in office.

Along with funding new personnel and facilities for mass deportations of undocumented immigrants, the bill also funds the construction of a wall along the Mexican border.

The Republican Party has approved new work requirements and funding cuts for the Supplemental Nutrition Assistance Program (Snap) and Medicaid, which provide healthcare to Americans with disabilities and the poor, to help offset its costs. Analysts worry that these adjustments will deny these advantages to millions of people.

According to the nonpartisan Congressional Budget Office, the measure is projected to increase the deficit by roughly $2.3 trillion even with the cuts. Less than a week after credit rating agency Moody’s downgraded the United States’ excellent triple-A rating and issued a warning about its massive national debt, the House passed it.

Republicans made every attempt to push the bill through the night because it is “deeply unpopular,” according to House Democratic leaders, who have denounced it as a “tax scam.”.

The minority leader, Hakeem Jeffries; the whip, Katherine Clark; and the caucus chair, Pete Aguilar, declared, “This battle is just getting started, and House Democrats will keep using every weapon at our disposal to make sure that the GOP Tax Scam is buried deep in the ground, never to rise again.”.

Barack Obama, in a rare move, also condemned the bill. Republicans in Congress are currently working to pass a bill that could deprive millions of Americans of their health insurance. The former president declared, “They want to increase costs for working-class families, reduce federal funding for Medicaid, and eliminate tax credits that help more people afford coverage.”. He urged people to oppose the measure by contacting their senators.

The choices for Democratic lawmakers are few. Republicans are using the budget reconciliation process to keep the party from facing a filibuster in the Senate, as it is in the minority in both chambers.

Disagreements among Republicans themselves are the bill’s largest barrier. Johnson had to come to agreements with lawmakers from Democratic-led states who wanted a larger deduction for state and local taxes in the days before the vote (Salt). In addition, he had to appease conservatives who were opposed to making significant cuts to safety net programs and right-wing lawmakers who wanted significant cost reductions.

With the help of Trump’s Tuesday visit to the Capitol, the speaker seems to have healed those divisions. Legislators who resisted Salt were granted a larger tax break, while moderates gave in after some cuts were scrapped. Johnson was also able to appease the majority of fiscal conservatives, although he admitted that “there were a few moments over the last week when it looked like the thing might fall apart.”. “.”.

The only Republicans to vote against the bill were Thomas Massie of Kentucky and Warren Davidson of Ohio, both of whom pointed to its effect on the deficit.

As the bill was being discussed, Massie declared, “This bill is a debt bomb ticking.”. “On the Titanic, we won’t be moving deck chairs tonight. As we set out toward the iceberg, we’re loading coal into the boiler. “”.

Now that the bill is in the Senate, Republicans say they want it on Trump’s desk by the Independence Day holiday on July 4.

“We’re going to fight this tooth and nail,” Chuck Schumer, the Senate’s top Democrat, stated, adding that he anticipated the tax and Medicaid cuts would cause controversy among the Republicans in the chamber.

“Our chances of regaining the Senate have just increased based on what the House passed, because the American people see that the tax scam that billions of Republicans are claiming will improve America overall is just plain false,” Schumer stated.

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