Trump, Tax and Beautiful Bill
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What was supposed to be a late-night procedural step toward delivering Trump a vital legislative win instead exposed deep and widening fractures within the House GOP conference.
Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.
House Speaker Mike Johnson must unify his conference's hard-line conservatives and its moderate Republicans from blue states.
Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,
A large tax cut, as well as more money for defense and immigration enforcement, would be financed by slashing health, nutrition, education and clean energy programs.
Deficit hawks who had blocked the measure two days earlier are still dissatisfied and want steeper spending cuts.
President Donald Trump urged the House GOP to stop negotiating and pass his “big, beautiful” filibuster-proof reconciliation bill Tuesday, with sharp words for blue-state Republicans pushing for more tax relief and conservatives seeking additional spending cuts.
Updates and the latest news as Trump addresses House Republicans about the reconciliation bill and RFK Jr. testifies to Congress about DOGE cuts and his vaccine views.