New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Politics

Senators enter marathon vote-a-rama as Trump’s ‘big, beautiful bill’ deadline barrels near

by admin June 30, 2025
June 30, 2025
Senators enter marathon vote-a-rama as Trump’s ‘big, beautiful bill’ deadline barrels near

Senate Republicans are inching closer to a final vote on President Donald Trump’s ‘big, beautiful bill,’ but face one more obstacle before lawmakers go on record on the president’s ambitious agenda.

Lawmakers wrapped up several hours of debate on the megabill that began Sunday afternoon and petered out early Monday morning. The next hurdle is the marathon ‘vote-a-rama,’ when lawmakers on either side of the aisle can submit an unlimited number of amendments to the bill.

Senate Republicans will use the time to further change and mold the bill to sate holdouts, while Democrats will inflict as much pain, and burn as much time as possible, with amendments designed to kneecap or outright kill the legislation.

The debate was largely a predictably partisan affair filled with floor charts, impassioned gesticulating fists and pleas to either pass or nuke the bill.

Senate Democrats railed against the bill for its slew of changes to Medicaid, green energy tax subsidies and how the bill, particularly its design to make Trump’s 2017 Tax Cuts and Job act permanent, would balloon the federal deficit.

Republicans lauded the ‘big, beautiful bill’ for the growth it could supercharge in the country, and in particular, how important it was to prevent the president’s first-term tax cuts from lapsing.

‘I say to everybody in America who’s been hearing all of the politics of fear, about what we’re doing here and running up the deficit, [they] need to remember that only in Washington, D.C., is the refusal to raise your taxes an increase in the deficit,’ Senate Finance Committee Chair Mike Crapo, R-Idaho, said. ‘And we’re not going to let that happen.’

Lawmakers kicked off the debate with a back and forth on whether Senate Budget Committee Chair Lindsey Graham, R-S.C., or the Senate parliamentarian had the authority to dictate if Republicans could use the current policy baseline, the budget gimmick the GOP argues would negate their tax bill from ballooning the deficit, or current law, which would show the real cost of Trump’s tax package over the next decade.

‘Republicans can use whatever budgetary gimmicks they want to try and make the math work on paper, but you can’t paper over the real-life consequences of adding tens of trillions to the debt,’ said Senate Minority Leader Chuck Schumer, D-N.Y.  

The nonpartisan Congressional Budget Office (CBO) released two sets of scores Saturday and Sunday that reflected both current policy and current law. Under current policy, the bill would tack on just over $507 billion over the next decade. But under current law, the package would add roughly $3.3 trillion.

Graham countered that as budget chair, he has the right to set the numbers.

‘The resolution we’re operating under to get us here, we voted to make that the case so we’re not doing anything sneaky,’ he said. ‘We actually voted to give me the authority to do this, and it passed.’

Graham also went to bat for the GOP’s planned cuts to Medicaid, which they have presented as efforts to root out waste, fraud and abuse in the program by instilling work requirements, booting illegal migrants off the benefit rolls, and making changes to just how much the federal government would pay states.

He argued that since former President Barack Obama’s Affordable Care Act became law, Medicaid has grown exponentially, largely because Obama ‘incentivized’ states to opt in to the Medicaid expansion program and allowed for able-bodied working-age adults to get onto the benefit rolls, something he noted that Medicaid was ‘never intended’ to do.  

‘It’s a good thing for the individual involved to be working,’ he said. ‘It’s a good thing for the taxpayer, for them to be working. But that seems to be a crime on the other side, to ask somebody to work that can work.’

Not all Republicans were aligned in their passion to pass Trump’s bill.

Sen. Rand Paul, R-Ky., torched the legislative behemoth in a fiery floor speech that railed against the deficit-adding effect the bill would have. He and Sen. Thom Tillis, R-N.C., both voted against advancing the bill through a key procedural hurdle late Saturday night.

Tillis, who largely agrees with many of the tweaks to Medicaid, railed against the changes to the provider tax rate and accused the president of being duped by his healthcare advisors in the White House. 

He said he would remain against the bill until lawmakers took the time to actually unpack what their Medicaid proposals would do to the states, adding, ‘What’s wrong with actually understanding what this bill does?’ 

‘Republicans are about to make a mistake on healthcare and betraying a promise,’ he warned. ‘What do I tell 663,000 people in two or three years, when President Trump breaks his promise by pushing them off of Medicaid because the funding isn’t there anymore?’

Paul, who has taken issue with the addition of a $5 trillion hike to the debt ceiling baked into the bill, reaffirmed that he would be voting against the megabill during final passage.

‘In deciding whether to vote for the ‘big, not-so-beautiful bill,’ I’ve asked a very specific question: Will the deficit be more or less next year? The answer, without question, is this bill will grow the deficit,’ he said. 

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Tillis denounces Trump ‘big, beautiful bill’ hours after surprise retirement announcement
next post
Exiled Iranian prince tells Trump he can be ‘one of history’s great peacemakers’ amid talk of regime change

Related Posts

DNC insider claims Biden meeting with Obama, Democratic...

June 29, 2024

House DOGE hearing erupts over Democrat deeming Trump...

February 26, 2025

Political betting markets still have plenty of action...

November 29, 2024

Amal Clooney played key role in ICC arrest...

May 21, 2024

Why did Trump leave G7 early? ‘Much bigger’...

June 17, 2025

Tim Walz’s claims about using IVF to have...

August 21, 2024

‘Feel betrayed’: Top conservative group blasts vulnerable Dems...

August 8, 2024

Pentagon undecided on how to proceed with paused...

May 10, 2024

Watchdog group sues Biden admin for docs related...

April 17, 2024

Trump’s ‘shock and awe’: Forget first 100 days,...

January 23, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Russia’s summer offensive in Ukraine underwhelms – but Kyiv won’t be celebrating

      June 30, 2025
    • Netanyahu says ‘opportunities have opened up’ to free Gaza hostages following Iran operation

      June 30, 2025
    • The last Hong Kong pro-democracy party that held street protests disbands

      June 30, 2025
    • Turkish police detain dozens at banned Istanbul Pride march, lawmaker says

      June 30, 2025
    • Severe heat waves hit southern Europe as local authorities warn against wildfire risks

      June 30, 2025
    • Brazil ex-leader Bolsonaro rallies thousands of supporters to protest his trial over alleged plot to overturn election

      June 30, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 5

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023
    • 6

      Americans are starting to feel better about the economy and inflation

      December 13, 2023
    • 7

      Rare Earths Stocks: 8 Biggest Companies in 2024

      January 12, 2024

    Categories

    • Business (1,388)
    • Investing (3,413)
    • Politics (4,481)
    • World (4,392)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved