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

Schumer forces name change for ‘big, beautiful bill’ moments before it passes

by July 1, 2025
written by July 1, 2025

Senate Minority Leader Chuck Schumer, D-N.Y., forced a name change for President Donald Trump’s ‘big, beautiful bill’ moments before the legislative package passed the upper chamber of Congress. 

While Sen. Pete Ricketts, R-Neb., was chairing the Senate, Schumer raised a point of order against lines three to five on the first page of the legislative proposal that said, ‘SHORT TITLE. This Act may be cited as the ‘’One Big Beautiful Bill Act.” 

Schumer argued the title of the bill violated Section 313 B1A of the Congressional Budget Act of 1974, or what’s commonly referred to as the ‘Byrd Rule.’ 

Ricketts said the point of order was sustained, meaning that text will be stricken from the bill. 

‘This is not a ‘big, beautiful bill’ at all. That’s why I moved down the floor to strike the title. It is now called ‘the act.’ That’s what it’s called. But it is really the ‘big ugly betrayal,’ and the American people know it,’ Schumer told reporters. ‘This vote will haunt our Republican colleagues for years to come. Because of this bill, tens of millions will lose health insurance. Millions of jobs will disappear. People will get sick and die, kids will go hungry and the debt will explode to levels we have never seen.

‘This bill is so irredeemable that one Republican literally chose to retire rather than vote yes and decimate his own state,’ Schumer added, referring to Sen. Thom Tills, R-N.C.

Asked whether he hoped to irritate Trump by changing the name of the bill, Schumer responded, ‘I didn’t even think of President Trump. I thought of the truth. This is not a beautiful bill. Anyone who loses their health insurance doesn’t think it’s beautiful. Any worker in the clean energy industry who loses their job does not think it’s beautiful. Any mom who can’t feed her kid on $5 a day doesn’t think it’s beautiful. We wanted the American people to know the truth.’

The Senate narrowly passed Trump’s $3.3 trillion spending package by a 51-50 vote on Tuesday after an all-night voting session. 

Vice President JD Vance was the tiebreaking vote. No Senate Democrats crossed the aisle to support the legislation. Tillis and Republican senators Rand Paul of Kentucky and Susan Collins of Maine opposed the megabill. 

Democrats condemned the bill’s passage, including Schumer’s fellow New Yorker, Rep. Alexandria Ocasio-Cortez, D-N.Y. She has not confirmed a primary run. 

‘JD Vance was the deciding vote to cut Medicaid across the country,’ the progressive ‘Squad’ member wrote on X. ‘An absolute and utter betrayal of working families.’ 

Vance championed the bill as securing ‘massive tax cuts, especially no tax on tips and overtime. And most importantly, big money for border security.’ 

‘This is a big win for the American people,’ the vice president wrote. 

He also approved an assessment by longtime GOP operative Roger Stone.

‘The nonpartisan Congressional Budget Office projects Trump’s reconciliation bill would add $3.3 trillion to the national debt over the next decade by extending the president’s tax cuts that he first implemented in 2017. In fact, federal revenues spiked after the 2017 Trump tax cuts just like they did after Reagan and JFK implemented across-the-board tax cuts,’ Stone wrote.

‘The deficit is caused by excess spending which the administration is addressing in a series of recision bills. PS the CBO is always wrong.’ 

Despite initial reservations, Sen. Lisa Murkowski, R-Alaska, voted in favor of the legislation after Republicans added Alaska-specific provisions to curry her favor. 

The bill now heads back to the House for final approval. Congress must reconcile differences between the Senate and House versions of the bill, namely on Medicaid. Republican leaders are aiming to get it to the president’s desk by Friday, July 4.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January
next post
Lululemon sues Costco over selling alleged dupes

related articles

Essential workers left unpaid after Senate Democrats kill...

October 23, 2025

Democrats under fire as food stamp funds run...

October 23, 2025

Curtis Sliwa vows to be Zohran Mamdani’s ‘worst...

October 23, 2025

Vance visits church where Christians believe Jesus was...

October 23, 2025

New poll in key showdown for Virginia governor...

October 23, 2025

Americans could face airport chaos if Dems don’t...

October 23, 2025

Inside Trump’s ultimatum that forced Netanyahu to the...

October 23, 2025

Vance rebukes Israel on ‘very stupid’ vote to...

October 23, 2025

Top Republican slams Katherine Clark for admitting suffering...

October 23, 2025

Vance calls Psaki comments about wife Usha ‘disgraceful’

October 23, 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

  • Top health official accuses RFK Jr’s agency of ‘censorship’

    April 17, 2025
  • Trump blasts Harris at Michigan rally for ‘partying’ while a ‘war’ is ‘going on’: ‘Nobody’s in charge’

    October 26, 2024
  • ‘Long overdue’: Senate Republicans ram through Trump’s clawback package with cuts to foreign aid, NPR

    July 17, 2025
  • US-Ukraine inching toward mineral deal amid last-minute roadblocks

    April 30, 2025
  • S&P 500, Nasdaq close at all-time highs ahead of inflation data and second-quarter earnings reports

    July 10, 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

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

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    December 4, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,509)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Trump handed ‘opportunity to save Medicare’ after Biden admin’s final blow to seniors: expert

    February 4, 2025
  • Trump ups his ante with September fundraising haul

    October 2, 2024
  • Cruz warns against underestimating Harris: Dems pitching her as ‘Mother Teresa, Oprah and Gandhi’ combo

    July 22, 2024

Recent Posts

  • Donald Trump sentenced with no penalty in New York criminal trial, as judge wishes him ‘Godspeed’ in 2nd term

    January 10, 2025
  • UN forced to fire 9 employees over likely involvement in Hamas massacre: ‘Tip of the iceberg’

    August 5, 2024
  • Remains of Shiri Bibas, mom of two killed, allegedly returned to Israel following Hamas’ broken promise

    February 22, 2025

Editor’s Pick

  • Fastly shares fall to all-time low of $5.52: Is it time to buy?

    August 9, 2024
  • Dueling Al Green censure efforts stir frustrations within GOP as Republicans demand consequences

    March 5, 2025
  • Biden awards Liz Cheney, Jan 6 committee chairman a medal: US ‘is better because of their dedication’

    January 2, 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