tax cut

Search documents
X @Bloomberg
Bloomberg· 2025-07-01 16:07
Breaking: Trump’s $3.3 trillion tax and spending cut bill passed the Senate Tuesday after a furious push by Republican leaders to persuade holdouts to back the legislation and hand the president a political win https://t.co/Cu7HEXqTr1 ...
Rep. Jason Smith on tax bill: I strongly oppose the argument that this bill adds to the deficit
CNBC Television· 2025-07-01 12:53
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 ...
MSNBC Highlights — June 30
MSNBC· 2025-07-01 10:43
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 Alicia 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 dra ...
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 ...
'Fraud upon the American people': Trump officials claim spending bill will lower deficit
MSNBC· 2025-07-01 05:33
It is time for money power politics. The analysis by the nonpartisan CBO was crystal clear. Trump's spending mega bill will balloon the US deficit by $3.3% trillion and cut health care for millions.But White House officials are working overtime to convince Americans that it'll do the exact opposite. Watch this. This bill protects Medicaid, as I laid out for you, for those who truly deserve this program.the needy, pregnant women, um children, um sick Americans who physically cannot work. This bill strengthen ...
What's really in Trump's 'big, beautiful bill'
MSNBC· 2025-07-01 05:09
Tonight, all the focus is on the Senate floor. All day long, senators have been voting on amendments to Donald Trump's gargantuan tax and spending bill. Republicans are rushing to get the bill to Trump's desk in time for his Friday deadline.Now, Donald Trump wants you to focus on his campaign promises that are in the bill, extending the tax cuts from his first term, billions of dollars for border security, and eliminating taxes on tips and overtime. But let's level set about what else this bill will do. It ...
'Everyone in line': Senate GOP scrambles to please Trump by passing unpopular megabill
MSNBC· 2025-07-01 04:20
It is day 162 of the second Trump administration and tonight the focus is on the Senate floor. You are looking at it live right now. All day long, senators have been voting on amendments to Donald Trump's gargantuan tax and spending bill.Republicans are rushing to get the bill to Trump's desk in time for his deadline on Friday. Donald Trump wants you to focus on his campaign promises that are in the bill, like extending the tax cuts from his first term, billions of dollars for border security, and eliminati ...
'It's just awful': Schiff shames Senate GOP for voting against protecting kids' food assistance
MSNBC· 2025-07-01 03:25
Senator Schiff, thank you very much for making the time uh to join us. I know that it was your amendment that was just on the floor. Uh it was your amendment to guarantee food assistance uh be continued uh for families with children under 12. And every Republican in the Senate, 53 of them, voted against your amendment to guarantee nutritional support for children under 12 in this country.Did you think you had a chance of at least peeling off a few Republicans on this one. I did think there was a chance of p ...
‘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 ...
'It's a nightmare': Top Dem slams GOP megabill's Medicaid, SNAP cuts
MSNBC· 2025-07-01 02:31
What does it mean for motans. Uh, this bill, it's a nightmare like every other state. One out of two people in my state is on Medicaid if they're in assisted living.So, think about that. So, this they are literally giving tax cuts to the wealthiest, $400,000 tax cut to multi-millionaires on the backs of people in assisted living, kids who are getting kicked off of food assistance. And it is, as just pointed out correctly, over $4 trillion in debt, which is going to mean increased mortgage rates.It's going t ...