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

House Republican calls for third Trump term over passage of ‘historic’ tax bill

by July 3, 2025
written by July 3, 2025

A key House ally of President Donald Trump is calling for the Republican leader to be eligible for a third White House term over passage of his ‘big, beautiful bill.’

Rep. Andy Ogles, R-Tenn., also called for Trump to be added to Mount Rushmore in South Dakota alongside George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln.

‘I was at the White House with President Trump for several hours yesterday and spent countless hours whipping votes with Speaker Johnson for the One Big Beautiful Bill. This historic legislation will unleash our economy and usher in a new golden age for America,’ Ogles told Fox News Digital after the bill passed.

‘Thanks to President Trump, we’re finally reversing the damage caused by Big Government and Democrat cronies. Wins like this are exactly why he deserves serious consideration for a third term—AND why so many believe he belongs on Mt. Rushmore.’

Ogles had previously introduced a resolution to give Trump the ability to run for a third term as president.

He was also seen at the White House in the lead-up to the last step of Congress advancing Trump’s massive tax and immigration bill. Ogles was also present on the House floor during tense negotiations on the bill, speaking to both Republican holdouts and House leaders at times.

The legislation narrowly passed on Thursday afternoon after a marathon session in the House of Representatives that began with a House Rules Committee meeting to advance it at 1:30 p.m. ET Tuesday, which ended nearly 12 hours later on Wednesday morning.

House lawmakers then met to debate the bill at 9 a.m. on Wednesday, though those proceedings were delayed for hours as House GOP leaders – and Trump himself – worked to persuade critics behind closed doors.

The bill numbers more than 900 pages and advances Trump’s agenda on taxes, the border, defense, energy, and the national debt.

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.

New and expanded work requirements would be implemented for Medicaid and federal food assistance, respectively.

Democrats have blasted the bill as a tax giveaway to the wealthy while cutting federal benefits for working-class Americans.

But Republicans have said their tax provisions are targeted toward the working and middle classes – citing measures eliminating taxes on tipped and overtime wages – while arguing they were reforming federal welfare programs to work better for those who truly need them.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Rubio-run State Department dumps Biden-era DEI hiring criteria, replaces with ‘fidelity’
next post
2 lone Republicans vote against Trump’s ‘big, beautiful bill’ as it heads to president’s desk

related articles

DNC rips JD Vance for fishing with British...

August 13, 2025

Vance: Adversaries are ‘afraid’ of US military, and...

August 13, 2025

Trump threatens ‘very severe’ consequences if Russia doesn’t...

August 13, 2025

Trump predicts little progress in potential shutdown talks...

August 13, 2025

Vance visits US troops during high-stakes UK trip...

August 13, 2025

Vulnerable Democrats hammered with scathing ad handcuffing them...

August 13, 2025

Vance to visit US troops during high-stakes UK...

August 13, 2025

House Democrat presses DOJ on Ghislaine Maxwell prison...

August 13, 2025

Former Navy SEAL Rep. Eli Crane fires off...

August 13, 2025

More than 20 GOP attorneys general call on...

August 13, 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

  • Trump takes center stage in Canada’s prime minister election debate

    April 17, 2025
  • Flashback: Top five wildest moments from Elon Musk’s DOGE tenure as it comes to an end

    May 29, 2025
  • Disneyland workers reach tentative deal with company, averting strike

    July 25, 2024
  • Mike Johnson touts ‘beauty of unified government’ after Trump’s ‘big, beautiful bill’ sails through Congress

    July 3, 2025
  • Why ON Semiconductor is a strong buy despite recent market challenges

    November 7, 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

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

    December 4, 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 (5,709)
  • Investing (634)
  • Stock (882)

Latest Posts

  • Pound Sterling Live: GBP/USD Technical Analysis

    July 18, 2024
  • Solana and Cardano: Cardano continues bullish option

    July 11, 2024
  • Melania Trump’s call to ‘ascend above the hate’ should be rallying cry for all Americans

    July 15, 2024

Recent Posts

  • USDCAD and USDCNH: USDCAD continues to slide to a new low

    August 22, 2024
  • Trump inauguration performer Gavin DeGraw salutes ‘businessman running largest economy in world’

    January 23, 2025
  • Johnson demands Zelenskyy fire Ukraine’s ambassador to US amid fallout from Pennsylvania trip

    September 25, 2024

Editor’s Pick

  • Unknown drone fleet breached US military base airspace in Virginia for 17 straight days: report

    October 13, 2024
  • Trump launches precision strikes against Iran. Triumph or trap?

    June 22, 2025
  • Blue state congressman ditches Dem playbook, seeks to codify Trump’s latest executive order

    May 16, 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