Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

House kicks off final sprint for Trump’s ‘big beautiful bill’ with key committee hearing

by admin July 2, 2025
July 2, 2025
House kicks off final sprint for Trump’s ‘big beautiful bill’ with key committee hearing

The House of Representatives is beginning the final legislative sprint of President Donald Trump’s ‘big, beautiful bill’ before the commander in chief signs it into law.

The powerful House panel is the final gatekeeper before most pieces of legislation get a chamber-wide vote.

It comes after the Senate spent more than 24 hours straight considering the bill, eventually passing it along the narrowest of margins around midday Wednesday. Vice President JD Vance was on Capitol Hill to cast the tie-breaking vote.

It’s not clear how long the House Rules Committee meeting will go; when the panel considered the House’s own version of the bill in May, Democrats introduced dozens of amendments to symbolically object to the bill and delay the process.

Meanwhile, two conservatives on the House Rules Committee, Reps. Ralph Norman, R-S.C., and Chip Roy, R-Texas, are among those in the lower chamber raising concerns about the bill.

Their opposition in committee would not be enough to stop it, but the legislation could face serious threats House-wide, where just four GOP ‘no’ votes would be enough to sink the bill.

The House first passed the bill – a mammoth piece of legislation advancing Trump’s agenda on taxes, the border, energy, defense and the national debt – in late May by just one vote.

Modifications made by the Senate in order to pass that chamber’s own razor-thin, three-vote majority must now be approved in the House before getting to Trump’s desk.

Republican leaders have a self-imposed deadline of getting the bill to Trump’s desk by the Fourth of July.

House Majority Leader Steve Scalise, R-La., told Fox News Digital early evening on Monday that he expected his chamber would begin considering the bill as early as 9 a.m. Wednesday.

But two members of the conservative House Freedom Caucus, Norman and Rep. Eric Burlison, R-Mo., told Fox News Digital earlier that same day that they believed the bill would not survive a House-wide procedural vote Wednesday if the Senate’s text did not materially change.

The bill would permanently extend the income tax brackets lowered by Trump’s 2017 Tax Cuts and Jobs Act (TCJA), while temporarily adding new tax deductions to eliminate duties on tipped and overtime wages up to certain caps.

It also includes a new tax deduction for people aged 65 and over.

The legislation also rolls back green energy tax credits implemented under former President Joe Biden’s Inflation Reduction Act, which Trump and his allies have attacked as ‘the Green New Scam.’

The bill would also surge money toward the national defense, and to Immigrations and Customs Enforcement (ICE) in the name of Trump’s crackdown on illegal immigrants in the U.S.

The bill would also raise the debt limit by $5 trillion in order to avoid a potentially economically devastating credit default sometime this summer, if the U.S. runs out of cash to pay its obligations.

This post appeared first on FOX NEWS

previous post
Why Justice Jackson is a fish out of water on the Supreme Court
next post
Top 10 July 2025 Stock Picks You Shouldn’t Miss

Related Posts

Trump slams mail-in ballots as corrupt, but may...

August 20, 2025

Trump admin asks Boasberg for more time to...

January 6, 2026

US officials tout progress in talks to reach...

December 16, 2025

House GOP urges Trump to choke off Iran...

March 12, 2026

MIKE DAVIS: Red-state senators must pick up the...

February 12, 2026

Reporter’s Notebook : A ‘Letter’ To Zelesnkyy Re...

November 23, 2025

France restricts Trump ambassador’s access to officials after...

February 24, 2026

Kash Patel torches ‘conspiracy theories’ about Bondi feud...

July 13, 2025

Trump says he’s considering pulling US out of...

April 1, 2026

NASA backs Trump budget blueprint with $6B cut...

May 6, 2025

Recent Posts

  • Trump’s apocalyptic Iran warning raises stakes for sweeping US strike threat
  • Graham eyes ‘down payment’ on Trump-backed SAVE Act without Democratic support
  • Midterm alarm bells: Democrats face steep favorability deficit despite election gains
  • Democrat whose parents fled Iran moves to oust Hegseth
  • American journalist kidnapped in Iraq is set free, must leave country ‘immediately,’ her employer says

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • Trump’s apocalyptic Iran warning raises stakes for sweeping US strike threat

    April 8, 2026
  • Graham eyes ‘down payment’ on Trump-backed SAVE Act without Democratic support

    April 8, 2026
  • Midterm alarm bells: Democrats face steep favorability deficit despite election gains

    April 8, 2026
  • Democrat whose parents fled Iran moves to oust Hegseth

    April 8, 2026
  • American journalist kidnapped in Iraq is set free, must leave country ‘immediately,’ her employer says

    April 8, 2026
  • What falling wage growth says about where the U.S. economy is heading

    April 8, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 7

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
Promotion Image

banner

Categories

  • Business (666)
  • Investing (3,251)
  • Politics (4,072)
  • Stocks (1,072)
  • Terms and Conditions
  • Privacy Policy

Copyright © 2026 bullhedging.com | All Rights Reserved