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
Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza
next post
Top 10 July 2025 Stock Picks You Shouldn’t Miss

Related Posts

Dem Sen. Mark Kelly fires back after Musk...

March 28, 2025

Trump’s UN ambassador pick Elise Stefanik could save...

January 16, 2025

AOC slams progressive critics for ‘lying’ about her...

July 22, 2025

‘DOGE boys’: Dems fume over spending cut spree...

February 11, 2025

Democrat Congresswoman draws boos over ‘shameful’ sexism remark...

June 12, 2025

Trump envoy Richard Grenell secures freedom for 6...

February 1, 2025

Schumer, Democrats plot coordinated resistance to Trump’s ‘one...

June 3, 2025

‘Wouldn’t tolerate it’: House Republican calls second Hegseth...

April 22, 2025

Faye Hall, American detained by Taliban, has been...

March 30, 2025

DOGE USAID budget cuts hit UN in ‘worst...

March 23, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Elon Musk halts plans for new political party, prioritizing business instead: report
  • Ukraine’s stolen children crisis looms large as NATO meets on Russia’s war
  • Duffy’s DOT accuses Biden, Buttigieg of inflating air traffic controller pipeline: ‘Juiced the numbers’

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

  • The Real Drivers of This Market: AI, Semis & Robotics

    August 21, 2025
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    August 21, 2025
  • Elon Musk halts plans for new political party, prioritizing business instead: report

    August 21, 2025
  • Ukraine’s stolen children crisis looms large as NATO meets on Russia’s war

    August 21, 2025
  • Duffy’s DOT accuses Biden, Buttigieg of inflating air traffic controller pipeline: ‘Juiced the numbers’

    August 21, 2025
  • FBI arrests woman on ‘Ten Most Wanted Fugitives’ hiding in India, transports to US for prosecution

    August 21, 2025

Editors’ Picks

  • 1

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

    December 12, 2024
  • 2

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

    December 31, 2024
  • 3

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

    December 15, 2024
  • 4

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

    December 19, 2024
  • 5

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 6

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 7

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
Promotion Image

banner

Categories

  • Business (508)
  • Investing (1,820)
  • Politics (2,224)
  • Stocks (732)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2025 bullhedging.com | All Rights Reserved