BusinessPostCorner.com
No Result
View All Result
Saturday, July 18, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

House Republicans clear critical hurdle in Trump tax bill debate

July 3, 2025
in Accounting
Reading Time: 3 mins read
A A
0
House Republicans clear critical hurdle in Trump tax bill debate
ShareShareShareShareShare

House Republicans overcame a critical procedural hurdle to advance Donald Trump’s massive tax and spending package early Thursday, holding a key vote open for hours past midnight as the president and his allies worked to win them over.

The House finally voted 219-213 to essentially move toward a final vote on Trump’s “big beautiful bill,” which includes tax cuts Republicans campaigned on, a phase-out of Biden-era clean energy incentives and funding for the president’s crackdown on illegal immigration.

Debate began immediately on the legislation, setting up a potential final vote for later in the morning in Washington, ahead of Trump’s self-imposed July 4 deadline.

Even with the extended delay, the GOP’s ability to get past the procedural vote bodes well for final passage of Trump’s signature legislation. Speaker Mike Johnson — who repeatedly voiced optimism about the legislation even as the overnight hours ticked away — can only afford three defections in the tightly divided House. 

“We have the votes,” Johnson told reporters just after 3 a.m. on Thursday. “We’re still going to meet the deadline.” 

Despite Republicans controlling both the House and Senate, Trump’s signature legislation ran into resistance from cost-conscious conservatives as well as swing-district moderates, who worry the measure cuts too deeply into Medicaid and other safety-net programs. 

‘Costing you votes’

The president voiced his frustration with the delay shortly after midnight Washington time, more than two and a half hours after the vote began. 

“Largest Tax Cuts in History and a Booming Economy vs. Biggest Tax Increase in History, and a Failed Economy,” Trump wrote in a Truth Social post. “What are the Republicans waiting for??? What are you trying to prove??? MAGA IS NOT HAPPY, AND IT’S COSTING YOU VOTES!!!”

In the end, Johnson lost just one Republican, Representative Brian Fitzpatrick of Pennsylvania. 

The House vote in question was on the rule governing debate for the underlying tax measure. Historically, those are routine, party-line votes. However, in a House closely divided they can also become a venue for opponents to flex their leverage and seek to win concessions.

As House leaders furiously cajoled the holdouts and rebels, Johnson vowed to keep pressing through the night.

“I’ll keep it open for as long as it takes to make sure we’ve got everybody here accounted for and all the questions answered,” Johnson said in an interview on Fox News. 

Delivering the bill

Trump and Johnson had projected confidence ahead of the critical procedural vote. 

“We had GREAT conversations all day, and the Republican House Majority is UNITED, for the Good of our Country, delivering the Biggest Tax Cuts in History and MASSIVE Growth,” the president said in a post on Truth Social.

Republican Representative Warren Davidson of Ohio, a fiscal conservative who voted against the initial House version of the legislation in May, eventually agreed to back the bill. 

“This bill isn’t perfect, but it’s the best we’ll get,” Davidson said in a social media post before the vote. 

A key issue for many reluctant Republicans is cost. The $3.4 trillion Senate bill adds more to the deficit than an earlier House version which clocked in at $2.8 trillion, according to the Congressional Budget Office. 

‘Time to pass’

Any changes to the measure made to win over restive House Republicans would have forced the Senate to vote again on the bill, blowing Trump’s July 4 deadline, and adding weeks of potential delay to his flagship measure. 

Instead of entertaining changes to the bill text itself, the White House instead explored with Republican lawmakers if their priorities could be addressed in other ways, such as by executive actions or in future legislation. 

Trump repeatedly blasted Republican lawmakers resisting the legislation as “grandstanders” and threatened to oppose reelection of members who block his agenda.

“We are going to get this done. Trump is the best closer,” Representative Richard Hudson of North Carolina, one of the House’s vote-counting whips, said. “The White House has made it clear we are done negotiating. It’s time to pass the bill.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Brussels to seek more joint debt in EU budget plan

Next Post

This behavioral science principle can make your billboard go viral, here’s how

Next Post
This behavioral science principle can make your billboard go viral, here’s how

This behavioral science principle can make your billboard go viral, here’s how

Elon Musk Grok AI Predicts XRP Will Explode by End of 2026

Elon Musk Grok AI Predicts XRP Will Explode by End of 2026

July 11, 2026
Aer Lingus: Airline proposes to cut 500 jobs under cost cutting plan

Aer Lingus: Airline proposes to cut 500 jobs under cost cutting plan

July 16, 2026
Why the 2026 IPO boom is about to broaden beyond AI mega-deals

Why the 2026 IPO boom is about to broaden beyond AI mega-deals

July 11, 2026
Tropical nights come to Europe

Tropical nights come to Europe

July 11, 2026
Ripple Joins UK Wholesale Digital Markets Taskforce

Ripple Joins UK Wholesale Digital Markets Taskforce

July 14, 2026
How cognitive surrender takes hold when employees lean on AI

How cognitive surrender takes hold when employees lean on AI

July 13, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow

July 17, 2026
Wall Street’s record profits boost NYC tax revenues

Wall Street’s record profits boost NYC tax revenues

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!