By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > Donald Trump presses Republican House dissidents to pass US tax bill
News

Donald Trump presses Republican House dissidents to pass US tax bill

News Room
Last updated: 2025/07/02 at 12:25 PM
By News Room
Share
4 Min Read
SHARE

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

Donald Trump worked to win over Republican critics on Wednesday, in a final push by the US president to get his flagship tax and spending bill through Congress by a self-imposed July 4 deadline.

Trump’s schedule was cleared for the day, allowing him to meet privately with Republican rebels from the House of Representatives who have threatened to torpedo his “big, beautiful bill” at the eleventh hour.

“THE ONE BIG BEAUTIFUL DEAL IS ALL ABOUT GROWTH,” Trump said in a post on his Truth Social platform on Wednesday morning. “IF PASSED, AMERICA WILL HAVE AN ECONOMIC RENAISSANCE LIKE NEVER BEFORE.”

The “big, beautiful bill” extends vast tax cuts from Trump’s first administration, paid for in part by steep cuts to Medicaid, the public health insurance scheme for low-income and disabled Americans, and other social welfare programmes.

The bill would also roll back Joe Biden-era tax credits for clean energy, while scaling up investment in the military and border protection.

The Senate on Tuesday narrowly passed a version of the sweeping legislation after three Senate Republicans sided with Democrats against the bill, forcing vice-president JD Vance to cast a tiebreaking vote.

That sent the legislation back to the House, which must vote through the bill before Trump signs it into law. The president and his allies want the bill to become law by Friday’s independence day holiday.

An earlier version of the legislation passed the House by a single vote in May. But a small group of House Republicans have now taken issue with the Senate’s version — and threatened to vote it down.

Some fiscally conservative lawmakers object to the cost of the legislation, which the non-partisan Congressional Budget Office says will add nearly $3.3tn to the deficit over the next decade.

More moderate members have argued that the cuts to Medicaid, which would strip an estimated 12mn people of their health insurance, are too steep.

The White House has dismissed the CBO’s projections and argued that the bill would more than pay for itself in the long term by generating stronger economic growth.

Republican House Speaker Mike Johnson, who needs to appease his party’s factions, insisted late on Tuesday that the chamber would be able to find common ground and pass the bill by the end of the week.

“We are at the one-yard line,” Johnson told Fox News, in a reference to American football. “We are going to run it right up the middle and score for the American people. Everyone is going to benefit from this bill.”

Johnson nevertheless is dealing with incredibly tight margins, and relying on all of his members to be in Washington for a final vote, which could come as early as Wednesday afternoon.

He told Fox that he was closely monitoring the weather, strong rain and thunderstorms had grounded many flights on the East Coast this week, to ensure that the full House was in attendance for critical votes.

Read the full article here

News Room July 2, 2025 July 2, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
“Invest in what you know.”

Watch full video on YouTube

‘All the banks were lying’: Tom Hayes on his decade-long battle for justice

The last time Tom Hayes had his picture taken at London’s Southwark…

Tesla Opened A Diner In LA — Here’s What It’s Like

Watch full video on YouTube

Wall Street Roundup: Tesla Skepticism, Google Stands Out, DORK Shorts

Listen below or on the go on Apple Podcasts and Spotify Tesla's…

2️⃣ of Buffett’s biggest investing tips this financial adviser follows.

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

‘All the banks were lying’: Tom Hayes on his decade-long battle for justice

By News Room
News

Wall Street Roundup: Tesla Skepticism, Google Stands Out, DORK Shorts

By News Room
News

Deutsche Bank Aktiengesellschaft (DB) Q2 2025 Earnings Call Transcript

By News Room
News

Asian automakers’ profits tumble after ‘unprecedented’ effects of US tariffs

By News Room
News

The polarising power of Andriy Yermak, Ukraine’s other wartime leader

By News Room
News

Turning Point Brands: Is This ‘Smokeless’ Stock Too Hot To Touch? (NYSE:TPB)

By News Room
News

Macrons file US lawsuit over claims France’s first lady was born male

By News Room
News

Coca-Cola gets roped into making America healthy again

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?