Fiscal Irresponsibility & Political Criticism - The bill is criticized for being fiscally irresponsible and adding over $3 trillion to the deficit over the next decade [16] - Elon Musk criticizes the bill as "suicidally self-destructive to America's future" and damaging to the country [6][7] - The bill includes provisions that eliminate subsidies for solar and wind energy while boosting coal and oil [7] - The bill enshrines trillions in tax cuts primarily benefiting the wealthy and corporations, including those inheriting estates over $50 million [15] Healthcare & Social Program Cuts - Between 12 million and 17 million people could lose healthcare [16] - The bill includes devastating cuts to healthcare and food assistance for poor and working-class Americans [15] Political Opposition & Uncertainty - The bill passed the Senate on a 50-50 tie broken by Vice President JD Vance [7] - Senator Lisa Murkowski voted for the bill but hopes the House will undo some of the damage [21] - The bill is described as wildly unpopular [17]

I also want to bring in Democratic Senator Peter Welch of Vermont who just voted no on this bill. Uh, as we just heard from Tim Miller, a senator, this bill did seem like it was on the cusp of potentially being defeated. Uh, Lisa Marowski, again, as Tim just pointed out, had a chance to be what John McCain was for Obamacare, defy his party, and vote yes.Um, what do you make of what we just saw on the floor of the House of the Senate. Well, obviously very disappointing for us. I mean, this is a very signific ...

The House of Representatives waiting to see if the Senate signs off on President Trump's sweeping tax and cut spending cut and spending bill. Joining us right now with where things stand at the moment is Ways and Means Committee Chairman Jason Smith. And chairman, thank you for being with us today.It's always great to be with you. So, Congressman, let's talk through what's happening. The House sent a bill to the Senate, told them, "Don't touch much of this because we have very thin margins in the House. If ...

President Trump and Senate Majority Leader John Thune are pushing to get the Republicans' reconciliation bill passed by July 4th, b ut several senators are saying there needs to be more spending cuts. The best way, I think, to think about the Trump megabill is that it's sort of two pieces combined. One piece are priorities that Republicans have: t hese are things like securing the border, boosting defense, boosting energy production.It's stuff that Republicans ran campaign and won on in 2024 and things they ...