• 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
Congress must reconcile key differences in both versions of Trump’s signature bill
next post
Schumer forces name change for ‘big, beautiful bill’ moments before it passes

related articles

Probe into Biden’s alleged mental decline cover-up deepens...

July 2, 2025

Israel accepts Trump-led ceasefire plan that could end...

July 2, 2025

MAGA law group fights to expose how Biden’s...

July 2, 2025

Elon Musk claims of ‘pork’ in bill not...

July 1, 2025

Trump to meet with Netanyahu as he pushes...

July 1, 2025

Trump urges House Republicans to ignore ‘grandstanders’ and...

July 1, 2025

Schumer forces name change for ‘big, beautiful bill’...

July 1, 2025

‘Only the beginning’: Trump admin releases data showing...

July 1, 2025

Why Justice Jackson is a fish out of...

July 1, 2025

Tax cuts, work requirements and asylum fees: Here’s...

July 1, 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

  • Alleged attempt to impersonate White House chief of staff under federal investigation

    May 30, 2025
  • Elon Musk’s budget-slashing hits political reality of suffering Americans

    February 19, 2025
  • Trump announces picks for Army secretary, trade adviser, hostage envoy, NASA administrator

    December 4, 2024
  • Top Dems demand special counsel to investigate Jared Kushner less than 2 weeks from Election Day

    October 25, 2024
  • BlackBerry appoints Tim Foote as new CFO amid strategic transformation

    July 30, 2024

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 (5,212)
  • Investing (634)
  • Stock (827)

Latest Posts

  • Who’s who on Trump’s short list for attorney general

    November 12, 2024
  • Democrat congresswoman draws boos over ‘shameful’ sexism remark in committee hearing with Treasury Secretary

    June 12, 2025
  • Former defense secretaries condemn Trump’s firing of senior military officials in scathing letter

    February 28, 2025

Recent Posts

  • Trump says he will meet with Putin, Zelenskyy ‘if necessary’ amid negotiations to end war

    May 28, 2025
  • FBI investigation of Trump assassination attempt involves ‘full force’ of the department, Wray says

    September 18, 2024
  • Capital One outage drags into Friday afternoon, leaving some customers without deposit access

    January 18, 2025

Editor’s Pick

  • Tesla investors want Elon Musk to answer questions about ‘salute,’ role in Trump White House

    January 30, 2025
  • Defense Department workers no longer required to submit DOGE’s weekly production reports

    May 28, 2025
  • An American father’s plea: President Trump, please bring my son and the other hostages home from Gaza

    April 29, 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