Welt Hok
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Welt Hok
No Result
View All Result
Home Latest News

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

admin by admin
July 1, 2025
in Latest News
0
House kicks off final sprint for Trump’s ‘big beautiful bill’ with key committee hearing

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

Why Justice Jackson is a fish out of water on the Supreme Court

Next Post

Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

Next Post
Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

  • Trending
  • Comments
  • Latest
Trade Surplus: Key Insights and Impacts on Currency

Trade Surplus: Key Insights and Impacts on Currency

August 30, 2024
Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

January 3, 2025
House Republicans introduce bill to repurchase Panama Canal after Trump raises concerns of Chinese control

House Republicans introduce bill to repurchase Panama Canal after Trump raises concerns of Chinese control

January 9, 2025
Who is Giorgia Meloni? Trump hosts Italian PM at Mar-a-Lago

Who is Giorgia Meloni? Trump hosts Italian PM at Mar-a-Lago

January 5, 2025
Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

0
Candidate who filmed himself in the Capitol on Jan. 6 seeks House seat

Candidate who filmed himself in the Capitol on Jan. 6 seeks House seat

0
Biden nearly died of an aneurysm. Risky surgery changed his life.

Biden nearly died of an aneurysm. Risky surgery changed his life.

0
Stellar and Bitcoin Cash: Stellar still in a bearish trend

Stellar and Bitcoin Cash: Stellar still in a bearish trend

0
Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

July 2, 2025
MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

July 2, 2025
Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

July 2, 2025
Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

July 1, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    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!
    • Trending
    • Comments
    • Latest
    Trade Surplus: Key Insights and Impacts on Currency

    Trade Surplus: Key Insights and Impacts on Currency

    August 30, 2024
    Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

    Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

    January 3, 2025
    House Republicans introduce bill to repurchase Panama Canal after Trump raises concerns of Chinese control

    House Republicans introduce bill to repurchase Panama Canal after Trump raises concerns of Chinese control

    January 9, 2025
    Who is Giorgia Meloni? Trump hosts Italian PM at Mar-a-Lago

    Who is Giorgia Meloni? Trump hosts Italian PM at Mar-a-Lago

    January 5, 2025
    Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

    Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

    0
    Candidate who filmed himself in the Capitol on Jan. 6 seeks House seat

    Candidate who filmed himself in the Capitol on Jan. 6 seeks House seat

    0
    Biden nearly died of an aneurysm. Risky surgery changed his life.

    Biden nearly died of an aneurysm. Risky surgery changed his life.

    0
    Stellar and Bitcoin Cash: Stellar still in a bearish trend

    Stellar and Bitcoin Cash: Stellar still in a bearish trend

    0
    Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

    Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

    July 2, 2025
    MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

    MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

    July 2, 2025
    Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

    Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

    July 2, 2025
    Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

    Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

    July 1, 2025

    Top News

    Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

    Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

    July 2, 2025
    MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

    MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

    July 2, 2025

    Latest News

    • Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify
    • MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants
    • Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

    About Welthok

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 welthok.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 welthok.com | All Rights Reserved