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US Senate Republicans unveil their version of Trump's sweeping tax-cut, spending bill

  • On June 29, 2025, U.S. Senate Republicans introduced a comprehensive 940-page bill that includes tax reductions and increased spending measures reflecting President Trump's priorities in Washington, D.C.
  • The bill emerged from a backdrop of intense debates over Medicaid cuts and a contentious SALT deduction cap increase to $40,000, critical for maintaining Republican seats.
  • House Speaker Mike Johnson expressed determination to complete the process by the July 4 deadline, calling it ‘poetic’ to finish on Independence Day despite potential timeline slips.
  • President Trump urged the House to send the bill to his desk before July 4, stating, “We can get it done” and emphasizing swift delivery of his economic agenda.
  • If passed, the bill will face further House approval and signals ongoing challenges for Republicans to unify while aiming to enact Trump’s priorities quickly.
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Elizabeth MacDonough may be an inconspicuous lawyer in the U.S. Senate, but the bureaucrat is currently holding up large parts of President Trump's tax law on her own.

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Washington. U.S. Republican Senators presented yesterday their version of President Donald Trump’s comprehensive tax and spending cut bill, setting the stage for a marathon weekend session that seeks to achieve full Congressional approval by July 4.

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Mason City Globe GazetteMason City Globe Gazette
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Center

Trump's tax and spending cuts bill clears key Senate vote

Tense scenes played out in the chamber as voting came to a standstill, dragging for hours as holdout senators huddled for negotiations.

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yourcapitalminds.com broke the news in on Monday, June 16, 2025.
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