• 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

Homeless people can be removed from streets by...

July 24, 2025

Ron Klain dodges reporters after marathon grilling in...

July 24, 2025

US and Israel urgently need to replenish weapons...

July 24, 2025

US pulls team from ceasefire talks in Qatar...

July 24, 2025

GREGG JARRETT: Newly declassified documents destroy Russian collusion...

July 24, 2025

Hamas ‘hardens’ stance in ceasefire talks as Netanyahu...

July 24, 2025

Trump foe Boasberg orders DOJ to detail status...

July 24, 2025

Ex-Biden chief of staff giving ‘credible’ answers in...

July 24, 2025

White House sends mixed signals in Russia ‘hoax’...

July 24, 2025

Trump foe Boasberg to grill DOJ over migrant...

July 24, 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 Cabinet picks increase odds Edward Snowden could see life of freedom in the US

    November 20, 2024
  • Watchdog group launches legal probe into NASA emails over ‘Space Czar’ Harris as astronauts linger in orbit

    September 17, 2024
  • Garland lauds ‘principled’ Wray for ‘integrity and skill’ after resignation announcement

    December 12, 2024
  • Americans rate Trump’s Cabinet picks in new poll

    December 12, 2024
  • Russia bombards Ukraine with drones hours after Trump announces talks with Putin

    May 19, 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 (5,510)
  • Investing (634)
  • Stock (856)

Latest Posts

  • Trump taps Brooke Rollins as agriculture secretary

    November 23, 2024
  • Biden tells Michigan crowd he’s ‘not going anywhere’ amid chants of ‘Don’t you quit’

    July 14, 2024
  • Waltz doubles down on Hegseth praise amid ongoing Pentagon controversy

    April 27, 2025

Recent Posts

  • Howard Lutnick, Trump Commerce secretary pick, says it’s ‘nonsense’ that tariffs cause inflation

    January 29, 2025
  • ‘Trump card’: Internal House GOP memo reveals confidence amid dead-heat presidential race

    October 28, 2024
  • Dems ‘deliberately obfuscating’ truth about ‘big, beautiful bill’ with this claim: Watchdog

    June 15, 2025

Editor’s Pick

  • Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

    February 9, 2025
  • Trump Labor Department secures eye-popping sum to return to taxpayers amid DOGE push

    April 1, 2025
  • DAVID MARCUS: Both parties at risk of learning wrong lessons from Trump’s victory

    November 10, 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