Trump's Tax-Cut Bill Faces Senate Showdown: Chaos, Revolt, and Uncertain Future!

2025-06-30 06:00:30.129

The Senate is embroiled in a late-night debate over President Donald Trump's ambitious bill encompassing tax cuts and spending reductions, encountering significant resistance from Democrats and even some Republicans. The bill's fate remains uncertain, with overnight voting postponed until Monday. GOP leaders are racing against Trump's Fourth of July deadline, but securing enough support to overcome a procedural hurdle proved challenging, with several Republican senators initially opposing the bill. Trump and Vice President JD Vance intervened to maintain momentum. Senator Thom Tillis (R-NC) announced his retirement from the Senate after facing pressure from Trump for his opposition to the bill's Medicaid cuts. A Congressional Budget Office analysis projects that the bill would lead to 11.8 million more uninsured Americans by 2034 and increase the deficit by nearly $3.3 trillion over a decade. Despite this, some Republicans and House conservatives advocate for deeper cuts, particularly in healthcare, prompting a cautionary message from Trump against excessive cuts. The Senate bill includes approximately $4 trillion in tax cuts, extending Trump's 2017 tax rates and adding new provisions such as eliminating taxes on tips. It also reverses billions in green energy tax credits and implements $1.2 trillion in cuts to Medicaid and food stamps through stricter work requirements and eligibility criteria.