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'First time in our history we are rolling back care': Top Democratic senator slams Trump's megabill
MSNBC· 2025-07-01 22:49
Healthcare & Social Programs Impact - The bill is projected to negatively impact healthcare coverage for approximately 72 million Americans relying on Medicaid [3][10] - Food assistance will be reduced for over 40 million Americans dependent on SNAP [3] - Veterans' access to healthcare may be compromised due to the closure of rural hospitals [11][12] - Planned Parenthood and other vital services are facing cuts [7] Political & Fiscal Implications - The bill utilizes an accounting gimmick to obscure the cost of extending 2017 tax cuts, effectively lowering the sticker price by $3.8 trillion [16] - The reconciliation process was used to make sweeping policy changes beyond budgetary matters [18] - The bill is expected to balloon the deficit by trillions of dollars, potentially leading to increased interest rates [7][18][19] - Public disapproval of the bill is significant, with a two-to-one opposition [13][23] Legislative Process & Transparency - The bill was drafted and revised until the last minute, with lawmakers receiving drafts with red lines as late as 4 a m [8][9] - Concerns exist that even those who voted for the bill may not fully understand its contents [8]
‘A political poison pill’: Republican Senators plow ahead with Trump’s deeply unpopular bill
MSNBC· 2025-07-01 20:58
Bill Overview & Impact - Senate Republicans passed a bill facing dismal polling and internal opposition [1] - The bill cuts Medicaid by $1 trillion and risks 118 million people losing health insurance [2] - The bill extends tax cuts for the wealthiest Americans and increases funding for deportations [2] - The bill could lead to a seismic shift in the nation's fiscal trajectory and raise the risk of a debt crisis [3] Political Dynamics & Opposition - Only 29% support the bill in one poll, with even Fox News showing approval at 38% [4][5] - Elon Musk threatened to fund primary challenges against Republicans who vote for the bill [5] - House conservatives are publicly stating they don't like what the Senate did because it doesn't cut enough [23] Senate Approval Process - Lisa Murkowski secured provisions to shield Alaska from the bill's consequences in exchange for her vote [9] - Murkowski acknowledged the bill's devastating consequences for 49 other states [10] House Outlook - House Republican leaders aim to vote on the Senate version of the bill quickly [20] - Some House conservatives may initially oppose the bill but are expected to eventually support it [24][25] - The President wants the House to take up the Senate version of the bill [26] Underlying Motives - The bill is primarily aimed at making the 2017 tax cuts for the wealthy permanent [29]
What’s in the Trump Tax Bill That Just Passed the Senate #politics #shorts
Bloomberg Television· 2025-07-01 20:37
On this vote, the yays are 50, the nays are 50. The Senate being evenly divided, the vice president votes in the affirmative. The bill as amended is passed.We're here on Capitol Hill where the Senate just passed President Trump's reconciliation package on a 51-50 vote with Vice President JD Vance casting the tiebreaker. The plan combines $4.5% trillion in tax cuts with $1.2% trillion in spending cuts. Senate Republicans were broadly in agreement about the main pillars of the bill, including when it came to ...
Trump Tax Bill: Divided Senate GOP Struggles to Gather Votes
Bloomberg Television· 2025-07-01 10:08
Tyler how likely doesn't look done that the senators can get this vote through in the early hours of this morning. Yeah. Hey, Dani.Good morning. Well, they would certainly like to because they've been there since 9 a. m.Eastern yesterday. But the thing is, Senate Majority Leader John Thune at the moment still does not have the votes. And we're still watching closely the same eight Republican holdouts that we've been discussing at this point for weeks.And the issue is, is that they broadly do agree about the ...
‘They're lying about it!’: Dem senator on GOP tax bill
MSNBC· 2025-07-01 02:45
Hammy Baldwin of Wisconsin taking a break from voterama. Senator Baldwin, are there any Republicans that are going to vote no this evening. The It remains to be seen.And if you can believe it, I believe they are still writing portions of this bill because they are discovering based on the massive input from constituents across the country that this bill is deeply unpopular. Turns out that people don't like uh bills that cut 17 million people off of their health care. And people don't like the idea of taking ...
What's in President Trump's 'big beautiful bill'?
NBC News· 2025-07-01 02:26
To the president, it's gorgeous. We call it a great big beautiful bill cuz that's what it is. But to Democrats, an ugly betrayal.The bill before the Senate is out of poison. 940 pages that make up the foundation of President Trump's agenda. So what's actually in it.Start with tax cuts, a huge piece of this plan. As written, the bill would make the president's signature 2017 cuts permanent. The bill would also let people deduct more of their state and local income taxes for the next 5 years.And it would fulf ...
Nightly News Full Episode - June 30
NBC News· 2025-07-01 02:10
OF AMENDMENTS TO TRY TO SLOW THIS PROCESS DOWN BUT ULTIMATELY, IT WILL BE UP TO REPUBLICANS TO COME UP WITH THE VOTES TO MOVE THIS CLOSER TO PRESIDENT TRUMP'S DESK. TONIGHT, SENATE REPUBLICANS DASHING TO DELIVER PRESIDENT TRUMP'S BIG BEAUTIFUL BILL TO HIS DESK BY JULY 4th. >> THIS IS GOING TO BE THE LARGEST TAX CUT FOR AMERICANS IN OUR HISTORY.>> Reporter: BUT DEMOCRATS LOOKING TO DELAY IT ON AMENDMENTS LIKELY TO BE VOTED DOWN. >> HOW DO YOU FEEL ABOUT IT SO FAR. >> IS GOING TO BE A LOT OF AMENDMENTS.AND UL ...
What’s in Trump’s ‘Big Beautiful Bill’? Tax cuts, safety net cut and military spending
NBC News· 2025-06-30 23:01
To the president, it's gorgeous. We call it a great big beautiful bill because that's what it is. But to Democrats, an ugly betrayal.The bill before the Senate is out of poison. 940 pages that make up the foundation of President Trump's agenda. So what's actually in it.Start with tax cuts. A huge piece of this plan. As written, the bill would make the president's signature 2017 cuts permanent.It's been an amazing experience. The bill would also let people deduct more of their state and local income taxes fo ...
X @Bloomberg
Bloomberg· 2025-06-30 22:16
Senate Republicans are moving forward with a plan to mask the $3.8 trillion cost of extending expiring tax cuts on behalf of Donald Trump: Here’s your Evening Briefing https://t.co/g1oU7BqKVc ...
'A moral obscenity': Top Democrat sounds off on GOP hypocrisy over Trump's megabill
MSNBC· 2025-06-30 21:45
We owe it to the states to do the work to understand how these proposals affect them. How hard is that. I did it.How hard is it. I'm telling the president that you have been misinformed. You supporting the Senate mark will hurt people who are eligible and qualified for Medicaid.Hi again everyone. I'm Elisi Menendez in for Nicole Wallace and it is five o'clock here in Washington DC where the voterama taking place in the Senate is still underway on that massive domestic spending bill. A bill that would drasti ...