• 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
Congress sending Trump’s ‘big, beautiful bill’ to his desk after dramatic all-night House vote
next post
Justice Alito’s warning about nationwide injunction ‘loophole’ looms over Trump cases

related articles

DHS scorches Pritzker’s ‘sanctuary’ state after child rapist...

May 1, 2026

Socialist mayor’s blunt 1-word message to fleeing millionaires...

May 1, 2026

DC police captain cites bodycam footage of officers...

May 1, 2026

Amazon explores ‘The Apprentice’ reboot with Trump Jr...

May 1, 2026

MN governor race to replace Walz sees major...

May 1, 2026

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 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

  • Trump, Thune clash on voter ID ultimatum as GOP remains divided on path forward

    March 9, 2026
  • Inside the Trump-Musk split: How America’s most powerful bromance imploded into the biggest breakup of 2025

    December 30, 2025
  • Israel considers preemptive strike on Iran as tensions escalate: report

    August 5, 2024
  • Trump says missiles for Japan’s F-35s will arrive ‘this week’ during visit to USS George Washington

    October 28, 2025
  • Is Oracle’s 29% crash the best AI bargain on Wall Street right now?

    April 13, 2026

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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,507)
  • Investing (2,559)
  • Stock (1,028)

Latest Posts

  • DAVID MARCUS: As Trump takes office, the forgotten American demands to be heard

    January 20, 2025
  • Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts

    November 1, 2024
  • Why Tesla stock is down in the red today

    March 18, 2026

Recent Posts

  • Former Ozy Media head sentenced to nearly 10 years in prison

    December 17, 2024
  • Nvidia’s $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks

    September 4, 2024
  • Trump, Harris neck and neck in battleground states with under 48 hours until Election Day, polls find

    November 3, 2024

Editor’s Pick

  • U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts

    July 30, 2024
  • USDCHF and USDJPY: USDJPY found support at 151.93

    July 26, 2024
  • Harris now the second Dem candidate to lose to Trump and not speak to supporters on election night

    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