Republicans defy fiscal critics to push through Trump's signature 'beautiful' tax cuts
Wednesday, 2 July 2025 () A CRFB analysis shows the Senate's tax bill could raise national debt to 126% of GDP by 2034, with deficits potentially projected to rise by $4 trillion according to the report.
US Senate passes Trump's 'big beautiful' tax and cuts bill after turbulent all-nighter
The package now goes back to the House, where Speaker Mike Johnson had warned senators not to overhaul what his chamber had already approved.
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In a dramatic Independence Day twist, Elon Musk hinted at launching a new third political party in the United States, directly challenging Donald Trump’s influence over the Republican base. Speaking during a July 4 livestream, Musk criticized both major parties as corrupt and incapable of solving America’s problems, declaring the need for “fresh leadership” rooted in technology and transparency.
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A political firestorm has erupted after Elon Musk publicly declared his support for Rep. Thomas Massie, a Republican from Kentucky who has drawn the ire of Donald Trump. Massie, known for opposing Trump’s One Big Beautiful Bill and calling out recent Iran strikes as unconstitutional, now finds himself targeted by Trump in a fiery GOP primary feud.
Trump labeled Massie a “pathetic loser” and vowed to campaign hard against him. However, Musk’s financial support and vocal backing on X could change the game. Former Rep. Justin Amash and grassroots conservatives have also rallied behind Massie, portraying him as a principled fiscal conservative resisting bloated spending. With nearly $309K raised in just a week, Massie’s campaign gains momentum amid the MAGA-driven backlash. The battle now highlights a deeper rift in the Republican Party — between loyalty to Trump and commitment to independent conservative values.
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U.S President Donald Trump touched down in Iowa for a fiery rally just hours after Congress passed his $4.5 trillion ‘Big Beautiful Bill’. In front of a raucous crowd at the Iowa State Fairgrounds, Trump celebrated the massive tax cut and border security package — calling it the biggest legislative win of his presidency.
Trump slammed Democrats for voting against the bill, warning they will “regret this forever.” The former president praised Republicans for delivering on core promises and said the legislation will launch the U.S. into “a rocket ship economy.”
With 2024 behind him and 2028 in sight, Trump declared that this victory marks a turning point in America’s future. Will this be the defining moment of his second term?
#Trump #BigBeautifulBill #TrumpIowaRally #TrumpSpeech #TaxCuts #BorderSecurity #GOPVictory #Trump2025 #MakeAmericaGreatAgain #TrumpLive #TrumpRally #TrumpVsDemocrats #PoliticalVictory #MAGA #IowaPolitics #CongressBill #TrumpCelebration #SecondTermTrump #AmericaFirst
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Historic TRUMP'S Victory: President Donald Trump celebrates his first major legislative victory of his second term as the U.S. Congress passes the “One Big Beautiful Bill” — a sweeping package of tax cuts and federal spending reforms. The bill’s passage marks a turning point for Trump's domestic agenda and highlights strong GOP unity, led by House Speaker Mike Johnson. Trump praised Johnson, Scalise, Emmer, and Thune for delivering the win, calling it a “historic moment” and the “beauty of unified government.” The legislation sets the stage for more executive orders and deeper conservative reforms ahead.
#TrumpVictory #OneBigBeautifulBill #MikeJohnson #GOPWin #HistoricVote #TaxCuts #UnifiedGovernment #Trump2025 #CongressNews #PoliticalVictory #BreakingPolitics #TrumpLegislation
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A massive new tax and spending bill, championed by Donald Trump as his "big, beautiful bill," has cleared major congressional hurdles and is now facing a final, contentious vote. The legislation proposes a sweeping overhaul of the US economy, extending Trump's 2017 tax cuts while significantly boosting defense and energy spending and allocating new funds for border security. This move has ignited a political firestorm in Washington D.C., creating deep divisions not only between parties but within the Republican ranks and even straining Trump's relationship with high-profile supporters like Elon Musk.
The funding for this ambitious bill is at the heart of the controversy. The Republican proposal outlines deep cuts to essential social safety nets, including Medicaid, the Supplemental Nutrition Assistance Program (SNAP), and other low-income assistance programs. According to the Congressional Budget Office, these changes could result in nearly 12 million Americans losing their health coverage. The bill also introduces new work requirements for childless, able-bodied adults to receive Medicaid and SNAP benefits.
The financial implications are staggering. The bill is projected to add an estimated $3.3 trillion to the national debt over the next decade, a figure that has caused alarm and division among fiscal conservatives in the GOP. Social Democrats like Bernie Sanders have fiercely condemned the bill, labeling it a "handout to Trump’s rich allies." In a tense Senate session, Vice President JD Vance had to cast a tie-breaking vote to advance the legislation.
Despite the backlash, the bill contains provisions aimed at working-class voters, such as eliminating federal taxes on tips and overtime pay. However, House Democrats have blasted the legislation as a "reckless, regressive GOP tax scam" ahead of the crucial midterm elections. As the final vote looms, Trump has urged Republican lawmakers to "stay united" and pass the bill, which also includes a provision to raise the debt ceiling by $5 trillion.
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Trump has declared that Iran’s nuclear program is “dead” following a series of military strikes targeting uranium enrichment sites. Speaking at a packed rally, Trump vowed that Tehran would never be allowed to restart its nuclear ambitions under any circumstances. The remarks come amid rising tensions in the Middle East, with Iranian officials promising retaliation.
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President Donald Trump is set to send “take-it-or-leave-it” tariff warning letters to 12 nations as trade talks stall and a July 9 deadline looms. The White House confirms tariffs could rise to as high as 70% if no deals are reached. With only the UK and Vietnam finalizing limited agreements, Trump is abandoning talks in favor of direct ultimatums. Allies are stunned, and global markets brace for a trade shock that could disrupt supply chains and trigger economic retaliation.
#Trump #TradeWar #Tariffs #GlobalEconomy #DonaldTrump #USTradePolicy #BreakingNews #WhiteHouse #TariffThreat #TrumpUltimatum #70PercentTariffs #TradeNegotiations #EconomyAlert #SupplyChainCrisis #GlobalTrade #TrumpLetters #July9Deadline #HardlinePolicy #USAllies #TradeRetaliation #UKTradeDeal #VietnamTradeDeal #TariffEscalation #TrumpTradeDeal #AmericaFirst #AgricultureTrade #NonTariffBarriers
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