• Editor’s Pick
  • Investing
  • Economy
  • Stock
  • Politics
Income Researchers
EconomyEditor's Pick

House kicks off final sprint for Trump’s ‘big beautiful bill’ with key committee hearing

by July 1, 2025
July 1, 2025

The House of Representatives is beginning the final legislative sprint of President Donald Trump’s ‘big, beautiful bill’ before the commander in chief signs it into law.

The powerful House panel is the final gatekeeper before most pieces of legislation get a chamber-wide vote.

It comes after the Senate spent more than 24 hours straight considering the bill, eventually passing it along the narrowest of margins around midday Wednesday. Vice President JD Vance was on Capitol Hill to cast the tie-breaking vote.

It’s not clear how long the House Rules Committee meeting will go; when the panel considered the House’s own version of the bill in May, Democrats introduced dozens of amendments to symbolically object to the bill and delay the process.

Meanwhile, two conservatives on the House Rules Committee, Reps. Ralph Norman, R-S.C., and Chip Roy, R-Texas, are among those in the lower chamber raising concerns about the bill.

Their opposition in committee would not be enough to stop it, but the legislation could face serious threats House-wide, where just four GOP ‘no’ votes would be enough to sink the bill.

The House first passed the bill – a mammoth piece of legislation advancing Trump’s agenda on taxes, the border, energy, defense and the national debt – in late May by just one vote.

Modifications made by the Senate in order to pass that chamber’s own razor-thin, three-vote majority must now be approved in the House before getting to Trump’s desk.

Republican leaders have a self-imposed deadline of getting the bill to Trump’s desk by the Fourth of July.

House Majority Leader Steve Scalise, R-La., told Fox News Digital early evening on Monday that he expected his chamber would begin considering the bill as early as 9 a.m. Wednesday.

But two members of the conservative House Freedom Caucus, Norman and Rep. Eric Burlison, R-Mo., told Fox News Digital earlier that same day that they believed the bill would not survive a House-wide procedural vote Wednesday if the Senate’s text did not materially change.

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.

This post appeared first on FOX NEWS
previous post
Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill
next post
Why Justice Jackson is a fish out of water on the Supreme Court

Related Posts

Iran regime escalates repression toward ‘North Korea-style model...

July 4, 2025

This July 4th, a family waits: American hostage’s...

July 4, 2025

President Trump to honor Iran strike flight team...

July 4, 2025

North Korea lashes out after Trump DOJ exposes...

July 4, 2025

Trump administration swarms SCOTUS with emergency requests and...

July 4, 2025

Saudi defense minister secretly meets with Trump to...

July 4, 2025

Essence Fest leads a summer of events for...

July 4, 2025

Mike Johnson touts ‘beauty of unified government’ after...

July 3, 2025

Trump administration torpedoes SCOTUS with emergency requests and...

July 3, 2025

2 lone Republicans vote against Trump’s ‘big, beautiful...

July 3, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Syntheia Signs Definitive Agreement for Call Center Acquisition

      July 4, 2025
    • Quimbaya Gold Closes $4 Million Financing and Expands Executive Team

      July 4, 2025
    • Crypto Market Recap: Crypto Rallies As “Big, Beautiful Bill” Passes Congress

      July 4, 2025
    • BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

      July 4, 2025
    • Crypto Market Recap: Crypto Rallies As “Big, beautiful bill” Passes Congress

      July 4, 2025

    Archives

    • July 2025 (134)
    • June 2025 (762)
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 incomeresearchers.com | All Rights Reserved

    Income Researchers
    • Editor’s Pick
    • Investing
    • Economy
    • Stock
    • Politics

    Read alsox

    Elon Musk’s attacks on Trump’s ‘big, beautiful bill’...

    July 1, 2025

    Democrat congresswoman draws boos over ‘shameful’ sexism remark...

    June 12, 2025

    Israeli official rejects Trump’s call for Iran deal:...

    June 15, 2025