US EditionEYES ON THE SENATE
- Senate Majority Leader John Thune and other negotiators are working to pass President Trump's tax and spending legislation before July 4, following a narrow House approval last month.
- The bill aims to extend the 2017 tax cuts but faces debate over exemptions like 'no tax on tips' and narrowing a car loan interest exemption, amid concerns from Republicans over fiscal impacts.
- Senators such as Josh Hawley and Tommy Tuberville warned that Medicaid cuts and related revenue freezes could harm rural hospitals and states relying on provider taxes for Medicaid funding.
- Trump claimed a 68% tax increase if the bill fails, but independent analyses estimate tax hikes near 7.5%, with over 60% of taxpayers affected, while supporters acknowledge the bill contains real savings.
- The Senate must reconcile differences with the House, balancing bipartisan priorities and moderates' concerns, to secure passage of the bill that affects taxes, Medicaid, and food assistance programs.
16 Articles
16 Articles
Colorado Springs Gazette
Denver GazetteThune says Trump tax promises not on ‘big, beautiful bill’ chopping block
Senate Republicans are not planning drastic changes to the White House’s tax priorities despite talk of stripping them out of President Donald Trump‘s “big, beautiful bill.” Senate Majority Leader John Thune (R-SD) said Tuesday that he expects “no tax on…
Treasury chief says 'remains to be seen' if Trump tax bill will add to $36T national debt
Treasury Secretary Scott Bessent recommended there might be a possibility that President Donald Trump’s “one huge, lovely expense” might contribute to the $36 trillion nationwide financial obligation. Bessent appeared before your house Ways & & Method Committee on Wednesday, a hearing that Democrats utilized to hone their attacks versus Republican politicians’ enormous Trump program expense. At one point, Rep. Terri Sewell, D-Ala., asked Bessent…
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