President Trump criticized House Republicans still undecided on supporting his "One Big Beautiful Bill Act," as his July 4 deadline nears. Frustrated with internal GOP resistance, particularly over concerns about the bill’s $2.4 trillion projected deficit increase, Trump urged party members to back the legislation, warning that MAGA supporters are losing patience. The Senate passed a revised version of the bill with Vice President JD Vance breaking a tie. Despite changes, including a record $5 trillion debt ceiling increase, House Speaker Mike Johnson remains confident in passing it. The procedural vote passed early Thursday, but final approval is still pending, with a few GOP holdouts threatening its success. Key features of the bill include extending the 2017 tax cuts and raising the state and local tax deduction cap from $10,000 to $40,000, benefiting residents in high-tax states.
No comments:
Post a Comment