US EditionSenate GOP declines to meet with parliamentarian on whether Trump tax cuts add to deficit
- After hours of delay in Washington, the U.S. Senate narrowly voted 51-49 late Saturday to move forward with President Donald Trump's $4.5 trillion tax-cut and spending package.
- The bill builds on the 2017 tax cuts, aims to boost military and border spending, and faces division over its estimated $3.3 trillion addition to the $36.2 trillion federal debt.
- Elon Musk criticized the bill, saying it would harm future industries, destroy millions of jobs, and cede the clean energy race to China by cutting electric vehicle and green energy credits.
- Senator Katie Britt said on Sunday that hardworking people will keep more of their money while Senator Mark Warner predicted 16 million Americans could lose health insurance if the bill passes.
- Trump aims to have the bill approved prior to the Independence Day holiday, but ongoing divisions within the Republican Party—evidenced by opposition from members like Senator Thom Tillis, who voted against it and will not run for re-election—highlight internal conflicts.
21 Articles
21 Articles
Democrats fail to overturn ruling that tax cuts in GOP megabill don't add to deficit
The Senate voted along party lines Monday that making the expiring 2017 tax cuts permanent as part of President Trump's "big, beautiful bill" could be scored as deficit neutral and therefore comply with the Byrd Rule, allowing the bill to pass with a simple-majority vote. Democrats failed to defeat the ruling by the Senate chair, which Republicans control, that the chamber's 940-page One Big, Beautiful Bill Act does not violate the 1974 Congress…
U.S. Senate Erupts In "Nuclear" Showdown Over Trump Tax Cuts
Democrats Cry Foul as Republicans Push to Cement Tax Cuts Through Budget Maneuvers A fiery debate erupted in the Senate on Sunday as Democrats accused Republicans of attempting a “nuclear option” to permanently extend the 2017 Trump tax cuts without adding to the deficit. The contention centers on a highly technical but politically charged argument […] U.S. Senate Erupts In “Nuclear” Showdown Over Trump Tax Cuts
The Columbian
Musk fumes as Trump tax bill cuts electric vehicle credits
Elon Musk slammed the U.S. Senate’s latest version of President Donald Trump’s multitrillion-dollar tax bill Saturday, warning that the cuts to electric vehicle and other clean energy credits would be “incredibly destructive” to the country. Read more...
Cuts To EV Credits Would Be "Destructive": Musk Slams Trump's Tax Bill
Elon Musk slammed the US Senate's latest version of President Donald Trump's multi-trillion dollar tax bill Saturday, warning that the cuts to electric vehicle and other clean energy credits would be "incredibly destructive" to the country.
From friends to foe: Tesla CEO Elon Musk fumes as Trump Tax Bill slashes electric vehicle credits
The tax bill that the US government is aiming to enforce soon will slash the electric vehicle credits substantially, which will significantly hit the sales of Tesla electric cars, along with other EVs in the country.
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