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Republicans scramble to pass Trump’s megabill as public support for bill plummets
MSNBC· 2025-07-02 21:02
After a nailbiter in the Senate, now Republicans in the House face their own pick your poison moment. At this hour, the House is at a standstill ahead of a final vote to pass Trump's sweeping domestic policy bill. Whether Republicans have the votes to pass it, that is an open question.Speaker Mike Johnson can only afford three Republican no votes given unified and unanimous Democratic opposition to that bill. Here's House Democratic Leader Hakee Jeff. That's what we are going to do.Show up today. Show up to ...
Big political loser? Trump's 'reverse Robin Hood budget' will cause 'economic slowdown'
MSNBC· 2025-07-02 20:45
Joining us now, US national editor of the Financial Times and author of the new book Zabig, the life of Zabig New Brzinski, America's greatest power profit, Ed Loose, staff writer for the Atlantic and MSNBC political analyst Ashley Parker and senior MSNBC political contributor and chief strategist for the Bush Cheney 2004 presidential campaign, Matthew Dow. All right, Ed, give me more about why you think this is a big political loser. Uh well I mean this is a reverse Robin Hood budget.I mean it's just so cl ...
'Chance to turn the tables?' What the megabill could mean for Democrats
MSNBC· 2025-07-02 20:36
Um, you've been through the numbers. Uh, I know you've written about it, but the Senate has now sent its version back to the House. Just lay out the broad strokes for me.Absolutely. So, what this bill does at its core is it extends and amplifies a series of tax cuts that were first made by the Trump administration in 2017. And in order to try to fill that gap that they're blowing in the budget, it is absolutely decimating incentives for green energy and green energy programs, Medicaid, which is a program th ...
‘McCain-level courage’: Dems CALL OUT GOP to stand up to Trump
MSNBC· 2025-07-02 16:52
Let's bring in Democratic Congressman Brendan Bole from Pennsylvania, who you just saw in that shot. As a matter of fact, ranking member of the House Budget Committee. Uh, Congressman Norman seems to be arguing that if Republicans knew everything that was in this bill, they might not be so quick to vote yes.On the other hand, there is an argument to be made. It's almost impossible not to know if you're on Capitol Hill what the main points of contention are, right. At the very least.But is there, do you thin ...
'Taking from the poor to give to the rich': Reporter breaks down Trump's budget bill
MSNBC· 2025-07-02 13:52
we would amend the house product. Uh I encourage them to amend it as uh lightly as possible. They went uh a little further than uh than than many of us would have preferred.But we have the product now. We are going to try to to to to uh answer all those concerns and get this bill delivered on time as we expected and hope from the very beginning. So a lot of work ahead, but that's that's the job.So we'll get it done. All procedural and legislative options are on the table. Do you expect the entire caucus to ...
Former World Bank President David Malpass: The Fed has the rates too high
CNBC Television· 2025-07-02 12:34
Fed chair Jay Powell said yesterday that President Trump's tariffs had lifted inflation forecasts and were keeping rates on hold. Joining us now for more on the Fed and the US economy, David Malpass, former World Bank president and now distinguished fellow of international finance and inaugural fellow of global business and infrastructure at Purdue's Business School. David, great to have you with us. Hi Melissa, good to be on. Um, where do you think rates would be had it not been for the tariffs? Would we b ...
Rep. Tom Emmer on Trump's tax bill: This is a great bill for everyone
CNBC Television· 2025-07-02 12:33
President's uh reconciliation bill is back in the House now with just two days left really until the self-imposed July 4th deadline. Our next guest is tasked with getting Republicans to vote for it. Joining us right now is House Majority Whip, Congressman Tom Emmer. Good morning to you. We just had a guest on who you know very well who said he's not voting for it and he's hoping that um maybe uh this can get pushed out to next week and that there's some kind of compromise to be had. But now that the Senate' ...
'A terrible bill': House Democrat says party will communicate impact of Trump bill
MSNBC· 2025-07-02 12:22
Welcome back. The Republican domestic policy bill now heads to the House as the GOP races against a clock of their own making to try and get an approved final version on President Trump's desk by July 4th to sign into law. Speaker Mike Johnson said the Senate made more changes than he would have liked, but remains publicly optimistic.We knew the Senate would amend the House product. Uh I encouraged them to amend it as uh lightly as possible. They went uh a little further than uh than than many of us would h ...
Tax changes for high earners: Here's what to know
CNBC Television· 2025-07-02 11:54
Welcome back to Squawkbox. Look at that handsome picture of a guy named Robert Frank, uh, who knows a lot about money and how we spend it and how to save it maybe and all those things. But today, he's going to tell us what the bill might look like come next April, the Senate passing President Trump's sweeping tax cut and spending bill.In today's edition of Inside Wealth, that man, the handsome one, Robert Frank, taking a look at what it means for the tax bill for high earners and investors. So, is it is it ...
'She could have stopped the bill!': Sen. Murkowski 'had a choice,' says Eugene Robinson
MSNBC· 2025-07-02 11:42
The tax cuts would give the wealthiest households a $12,000 annual increase, but would cost the poorest people 600 $1,600 a year. $1,600 a year. The CBO also estimates 11.8% million more Americans would be uninsured by 2034 if the bill becomes law and that 3 million more will not qualify for food stamps, also known as those SNAP benefits.So, um, Catty K, this is, uh, as David Ducker said, we over a decade of watching Donald Trump in national politics, now we kind of know where this goes. We'll hear some pro ...