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House lawmakers expected to vote on Senate-passed mega bill as early as today
CNBC Televisionยท2025-07-02 10:50

Government Policy & Legislation - A tax and spending bill passed the Senate with a slim margin and is heading back to the House of Representatives [1] - Speaker Mike Johnson needs to convert a few "no" votes to "yes" votes to pass the mega bill in the House [2] - Johnson can only afford to lose three Republican votes in the House, assuming full attendance [2] - The bill adds over $34 trillion (3.4% trillion) to the debt over the next 10 years, according to the Congressional Budget Office [3] - The Senate measure allows wind and solar programs to receive tax credits if construction begins within the next year [4] - Johnson aims to address concerns and deliver the Senate-passed bill to Trump's desk before July 4th [6] Political Concerns & Negotiations - Roughly a dozen House members are either planning to vote no or have serious concerns about the bill [2] - Some centrist Republicans fear reelection losses due to Medicaid and SNAP cuts [2] - Fiscal hawks are frustrated by the bill's contribution to the national debt [3] - Some members are annoyed that clean energy tax credits remain in the bill [4] - There is skepticism that Republicans will agree to a procedural rule vote [5] - If the House amends the bill, it must return to the Senate, potentially delaying the timeline [8] - Negotiations may involve non-textual concessions to secure votes [10] - The role of Trump and the White House in influencing the vote is being closely monitored [11]