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

House kicks off final sprint for Trump’s ‘big beautiful bill’ with key committee hearing

by July 1, 2025
written by July 1, 2025

The House of Representatives is beginning the final legislative sprint of President Donald Trump’s ‘big, beautiful bill’ before the commander in chief signs it into law.

The powerful House panel is the final gatekeeper before most pieces of legislation get a chamber-wide vote.

It comes after the Senate spent more than 24 hours straight considering the bill, eventually passing it along the narrowest of margins around midday Wednesday. Vice President JD Vance was on Capitol Hill to cast the tie-breaking vote.

It’s not clear how long the House Rules Committee meeting will go; when the panel considered the House’s own version of the bill in May, Democrats introduced dozens of amendments to symbolically object to the bill and delay the process.

Meanwhile, two conservatives on the House Rules Committee, Reps. Ralph Norman, R-S.C., and Chip Roy, R-Texas, are among those in the lower chamber raising concerns about the bill.

Their opposition in committee would not be enough to stop it, but the legislation could face serious threats House-wide, where just four GOP ‘no’ votes would be enough to sink the bill.

The House first passed the bill – a mammoth piece of legislation advancing Trump’s agenda on taxes, the border, energy, defense and the national debt – in late May by just one vote.

Modifications made by the Senate in order to pass that chamber’s own razor-thin, three-vote majority must now be approved in the House before getting to Trump’s desk.

Republican leaders have a self-imposed deadline of getting the bill to Trump’s desk by the Fourth of July.

House Majority Leader Steve Scalise, R-La., told Fox News Digital early evening on Monday that he expected his chamber would begin considering the bill as early as 9 a.m. Wednesday.

But two members of the conservative House Freedom Caucus, Norman and Rep. Eric Burlison, R-Mo., told Fox News Digital earlier that same day that they believed the bill would not survive a House-wide procedural vote Wednesday if the Senate’s text did not materially change.

The bill would permanently extend the income tax brackets lowered by Trump’s 2017 Tax Cuts and Jobs Act (TCJA), while temporarily adding new tax deductions to eliminate duties on tipped and overtime wages up to certain caps.

It also includes a new tax deduction for people aged 65 and over.

The legislation also rolls back green energy tax credits implemented under former President Joe Biden’s Inflation Reduction Act, which Trump and his allies have attacked as ‘the Green New Scam.’

The bill would also surge money toward the national defense, and to Immigrations and Customs Enforcement (ICE) in the name of Trump’s crackdown on illegal immigrants in the U.S.

The bill would also raise the debt limit by $5 trillion in order to avoid a potentially economically devastating credit default sometime this summer, if the U.S. runs out of cash to pay its obligations.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Why Justice Jackson is a fish out of water on the Supreme Court
next post
Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

related articles

Trump says Iran ‘seriously talking to us’ as...

February 1, 2026

Amber Rose defends Charlie Kirk’s widow against online...

February 1, 2026

House Democrats mutiny Schumer’s deal with White House,...

February 1, 2026

State Department issues security alert amid ‘heavy gunfire’...

February 1, 2026

Noem touts TSA success after thousands with terror...

February 1, 2026

Hundreds rally outside Iranian UN ambassador’s Fifth Avenue...

February 1, 2026

Spencer Pratt says A-listers privately cheer his criticism...

January 31, 2026

IDF says Gaza strikes hit terrorists, weapons facilities...

January 31, 2026

Hundreds of political prisoners in Venezuela could be...

January 31, 2026

Saudis won’t let the US use its bases...

January 31, 2026
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

  • Schumer, Democrats plot coordinated resistance to Trump’s ‘one ugly bill’

    June 2, 2025
  • Top FTSE 100 shares to watch: BAE, Glencore, Lloyds, HSBC, RIO

    February 14, 2025
  • Harris ripped for resurfaced claims praising Biden’s fitness amid age concerns: ‘Complicit in a coverup’

    July 22, 2024
  • S&P 500 futures hold steady as market braces for inflation report and Fed signals

    February 12, 2025
  • Biden’s former spokesman slams Trump and GOP for ‘colluding to impeach’ judges

    March 20, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

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

    July 21, 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

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

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,742)
  • Investing (920)
  • Stock (969)

Latest Posts

  • Five biggest moments of Trump’s speech to RNC

    July 19, 2024
  • Trump skips federal court hearing Thursday, pleads not guilty to charges in Jack Smith’s election case

    September 5, 2024
  • 49 Ukrainian prisoners of war returned to Kyiv in swap with Russia

    September 13, 2024

Recent Posts

  • House passes nearly $1 trillion defense spending bill, adding to US debt of $36 trillion

    December 12, 2024
  • Biden admin held private talks with Beijing on Chinese spy balloon ahead of notifying public, officials say

    April 9, 2025
  • Trump makes appearances at several Inaugural Balls around DC after jam-packed first day as POTUS

    January 21, 2025

Editor’s Pick

  • Target rolls back DEI initiatives, the latest big company to retreat

    January 25, 2025
  • Dems warn House Republicans will pay price at ballot box for passing Trump’s ‘big beautiful bill’

    May 21, 2025
  • Trump vows to lead ‘golden age of America’ in victory speech: ‘Fix everything’

    November 6, 2024
  • 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