• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

by June 29, 2025
written by June 29, 2025

Senate Republicans rammed President Donald Trump’s ‘big, beautiful bill’ through a procedural hurdle after hours of tense negotiations that put the megabill’s fate into question. 

Speculation swirled whether Republicans would be satisfied by the latest edition of the mammoth bill, which was released just before the stroke of midnight Saturday morning.

Nearly every Republican, except Sens. Thom Tillis, R-N.C., and Rand Paul, R-Ky., all voted to unlock a marathon 20-hour debate on the bill. Senate Majority Leader John Thune, R-S.D., could only afford to lose three votes.

Though successful, the 51-49 party line vote was not without drama.

Sen. Ron Johnson, R-Wis., flipped his vote from a ‘no’ to ‘yes’ in dramatic fashion, as he and Sens. Rick Scott, R-Fla., Cynthia Lummis, R-Wyo., and Mike Lee, R-Utah, made their way to the Senate floor accompanied by Vice President JD Vance.

Vance was called in case he was needed for a tie-breaking vote, but only his negotiating services ended up being used.

No lawmaker wanted to be the fourth and final decisive vote to kill the bill. Republican leadership kept the floor open for nearly four hours while negotiations continued – first on the Senate floor and then eventually in Thune’s office.

The bill won’t immediately be debated thanks to Senate Democrats’ plan to force the reading of the entire, 940-page legislative behemoth on the Senate floor, which could drain several hours and go deep into the night.

The megabill’s fate, and whether it could pass its first test, was murky at best after senators met behind closed doors Friday, and even during another luncheon on Saturday.

Lingering concerns in both chambers about Medicaid — specifically the Medicaid provider tax rate and the effect of direct payments to states — energy tax credits, the state and local tax (SALT) deduction and others proved to be pain points that threatened the bill’s survival.

 

However, changes were made at the last-minute to either sate holdouts or comply with the Senate rules. Indeed, the Senate parliamentarian stripped numerous items from the bill that had to be reworked.

The Medicaid provider tax rate was kept largely the same, except its implementation date was moved back a year. Also included as a sweetener for lawmakers like Sens. Susan Collins, R-Maine, Josh Hawley, R-Mo., and others was a $25 billion rural hospital stabilization fund over the next five years.

Collins said that she would support the bill through the procedural hurdle, and noted that the rural hospital stabilization fund was a start, but whether she supports the bill on final passage remains to be seen.

‘If the bill is not further changed, I will be leaning against the bill, but I do believe this procedural vote to get on the bill so that people can offer amendments and debate it is appropriate,’ Collins said.

Tillis, who is also concerned about the changes to Medicaid and would like to see a return to the House GOP’s version, said that he would not vote in favor of the bill during final passage.

The SALT deduction included in the House GOP’s version of the bill also survived, albeit the $40,000 cap will remain intact for five years. After that, the cap will revert to its current $10,000.

Other sweeteners, like expanding nutrition benefit waivers to Alaska and a tax cut for whaling boat captains, were thrown in, too, to get moderates like Sen. Lisa Murkowski, R-Alaska, on board with the bill.

Lee announced that he withdrew his open lands sale provision, which proved a sticking point for lawmakers in Montana and Idaho. 

Still, Republicans who are not satisfied with the current state of the bill will use the forthcoming ‘vote-a-rama,’ when lawmakers can offer an unlimited number of amendments, to try and change as much as they can before final passage. 

Democrats, however, will use the process to inflict as much pain as possible on Republicans.

Once the amendment marathon concludes, which could be in the wee hours of Monday morning, lawmakers will move to a final vote to send the bill, which is an amendment to the House GOP’s version of the ‘big, beautiful bill,’ back to the lower chamber.

From there, it’s a dead sprint to get the package on the president’s desk by July 4.

In a statement of administration policy obtained by Fox News Digital, Trump signaled that he would sign the bill.

‘President Trump is committed to keeping his promises,’ the memo read. ‘And failure to pass this bill would be the ultimate betrayal.’ 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians
next post
Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

related articles

‘Get a job’: Medicaid work requirements included in...

July 19, 2025

Trump has now been in office for six...

July 19, 2025

Slovenia approves law to legalize assisted dying for...

July 19, 2025

Heritage Foundation founder Edwin J. Feulner dies at...

July 19, 2025

Rubio announces visa revocations on Brazilian judge for...

July 19, 2025

Trump says 10 hostages will be returning from...

July 19, 2025

Justice Department moves to unseal Epstein, Maxwell grand...

July 19, 2025

Microsoft ends use of China-based computer engineers for...

July 19, 2025

EPA announces 23% workforce reduction and closure of...

July 19, 2025

Patel touts FBI’s dozens of convictions in $250...

July 18, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • AUDUSD and AUDNZD: AUDUSD remains weak at the support

    July 29, 2024
  • Vance’s ‘America First’ approach goes global, takes hardline message to Greenland

    March 28, 2025
  • Trump names Herschel Walker, Nicole McGraw to ambassador positions before issuing warning to GOP senators

    December 18, 2024
  • Six House Dems vote with GOP to condemn Kamala Harris for ‘border czar’ role

    July 25, 2024
  • Freshman GOP senator sets social media ablaze with ‘best’ response to Hegseth’s answer on gender question

    January 15, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,436)
  • Investing (634)
  • Stock (848)

Latest Posts

  • Iran nuclear program set back 2 years after US strikes: Pentagon

    July 3, 2025
  • Dow jumps 384 points as jobs data lifts Wall Street; S&P 500 eyes longest winning streak since 2004

    May 3, 2025
  • Dems who lashed out at Trump for being ‘threat to democracy’ flip script with last-minute delay tactics

    February 7, 2025

Recent Posts

  • DAVID MARCUS: Trump’s base trusts him to play strong hand in Iran

    June 18, 2025
  • Wall Street expects Trump presidency will unlock deal-making

    November 8, 2024
  • Topshop teases a high-street comeback: can it thrive in today’s retail market?

    March 19, 2025

Editor’s Pick

  • US Ambassador to Israel Mike Huckabee indicates US is working to offer evacuation options

    June 19, 2025
  • SCOOP: Bill preventing activist judges from blocking Trump’s agenda backed by White House

    March 20, 2025
  • Former Romney adviser bankrolled by left-wing groups ripped for leading anti-DOGE charge: ‘Paid puppet’

    April 1, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock