'It's time': Sen. Thune's fiery final pitch to pass GOP's Big Beautiful Bill, touts Trump tax cuts
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News18
39 minutes ago
- News18
Trump Signs The Big Beautiful Bill Into Law On Occasion Of 4th Of July Celebrations At WH
's the celebration President Donald Trump has been waiting weeks of cajoling Republicans into backing his domestic mega-bill — despite lingering concerns about its Medicaid cuts, deficit expansion and political pitfalls — Trump signed the measure into law on the White House South Lawn on Friday turned the traditional July 4 picnic into a celebration of the country's independence and of his win in Congress, seizing upon the day's fanfare to salute the most decisive legislative victory of his second term. The festivities included a bomber jet flyover – a nod to the military's recent strikes on Iranian nuclear facilities – and will feature a fireworks show on the National Mall later. News18 Mobile App -
India Gazette
44 minutes ago
- India Gazette
"Humbled to be first Indian PM to speak at iconic Red House": PM Modi on addressing Trinidad and Tobago's Parliament
Port of Spain [Trinidad and Tobago], July 4 (ANI): Prime Minister Narendra Modi on Friday addressed the Joint Assembly of the Parliament of Trinidad and Tobago during his official visit to the Caribbean nation, becoming the first Indian Prime Minister to do so from the iconic Red House in Port of Spain. Reflecting on his itinerary, the Prime Minister added, 'I also bring warm wishes from the people of Ghana, the country I visited just before arriving here. I am humbled to be the first Indian Prime Minister to speak to you in this iconic Red House.' Beginning his address, PM Modi said, 'Your Excellency Prime Minister Kamla Persad-Bissessar, Honourable President of this Senate Wade Mark, Honourable Speaker Jagdeo Singh, Honourable Speakers, distinguished Members of Parliament -- Namaskar. Good morning. I am deeply honoured to stand before you, the elected representatives of a proud democracy and a friendly nation.' He reiterated, 'I am deeply honoured to stand before you, the elected representatives of a proud democracy and a friendly nation.' He then highlighted the historical importance of the venue, stating, 'This historic red building has seen struggles and sacrifices of the people of Trinidad and Tobago for freedom and dignity.' Drawing on shared democratic values, PM Modi noted, 'The people of this great nation have chosen two remarkable women leaders -- the President and the Prime Minister. They proudly call themselves daughters of the Indian diaspora. They take pride in their Indian heritage... Both of our nations rose from the shadows of colonial rule to write our own stories with courage, as our ink and democracy as pen...' Underscoring the cultural and political bonds between the two countries, PM Modi further remarked, 'For us, Indians, democracy is not just a political model but a way of life. We have a rich heritage spanning thousands of years. Many of the parliamentarians here have their ancestors from Bihar, which was a home to Mahajanpads - ancient republics...' PM Modi's remarks at the Joint Assembly celebrated the deep-rooted ties between India and Trinidad and Tobago and underscored shared democratic values, historical experiences, and the contributions of the Indian diaspora. Prime Minister Modi was conferred with The Order of the Republic of Trinidad and Tobago (ORTT) on Friday, the highest civilian award of the nation, becoming the first foreign leader ever to receive the honour. This marks the 25th international award conferred on PM Modi by a foreign country. PM Modi began his first official visit to Trinidad and Tobago on Thursday (local time) with a ceremonial Guard of Honour at Piarco International Airport, where he was received by Prime Minister Kamla Persad-Bissessar, along with 38 ministers and four Members of Parliament of the Caribbean nation. The Prime Minister shared a video of the warm welcome on the social media platform X, writing: 'May the friendship between India-Trinidad & Tobago flourish in the times to come! Highlights from a special welcome in Port of Spain.' The footage showed cultural performances, traditional music, and a vibrant welcome from the local Indian diaspora. PM Modi also interacted with members of the Indian community who had gathered at the airport, expressing his gratitude for their heartfelt reception. His visit to Trinidad and Tobago is the second leg of a five-nation tour from July 2 to July 9, aimed at strengthening bilateral cooperation in areas such as digital finance, renewable energy, healthcare, and information technology. This visit marks the first bilateral visit by an Indian Prime Minister to Trinidad and Tobago since 1999 and PM Modi's first visit to the country in his current role. Following his engagements in Trinidad and Tobago, PM Modi is scheduled to travel to Argentina, Brazil, and Namibia. He will attend the 17th BRICS Summit 2025 in Brazil from July 5 to July 8 before concluding his tour with a state visit to Namibia. (ANI)
Time of India
an hour ago
- Time of India
Trump's July 4 fireworks: One Big, Beautiful Bill signed - Here's what it means
US President Donald Trump (AP) US President Donald Trump on Friday signed into law a major spending and tax bill, which includes key parts of his second-term agenda. The legislation, dubbed the "big, beautiful bill" by Trump, was passed by the US House of Representatives on Thursday just before the July 4 deadline. The House passed the bill on Thursday with a narrow 218-214 vote, following its approval in the Senate on Tuesday, where it passed by a 51-50 margin. Vice President JD Vance cast the tie-breaking vote. 'Our Country is going to explode with Massive Growth, even more than it already has since I was Re-Elected,' Trump posted on Truth Social shortly after Vice President JD Vance cast the tiebreaking vote to send the bill back to the House. At the heart of the "big, beautiful bill" is an extension of President Trump's 2017 Tax Cuts and Jobs Act, which was set to expire at the end of the year. The new legislation makes most of those tax cuts permanent and puts the spotlight on big-ticket agendas items, such increased funding for border security and food assistance programs, and major reductions in federal Medicaid spending. The bill is partly funded through major cuts to healthcare and nutrition programmes, including Medicaid and the Supplemental Nutrition Assistance Program (SNAP). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo According to the congressional budget office, the bill could add $3.4 trillion to the federal deficit over the next decade and result in millions losing health insurance. However, Republicans and the White House have rejected those projections. Here are some key provisions included in the Republicans' massive bill. Slashing the Medicaid The bill makes big changes to Medicaid, the health program for low-income and disabled Americans. It adds work requirements for some adults and more frequent checks to stay eligible. The Congressional Budget Office says around 11.8 million people could lose coverage over the next 10 years. Some proposals, like cutting Medicaid funding for undocumented immigrants and banning coverage for gender transition services, were removed after a Senate rules check. Republicans also want to reduce a special tax states use to help fund Medicaid, but they delayed those cuts after pushback. To address concerns about rural healthcare, the bill includes $50 billion to support rural hospitals. Immigration and homeland security measures The bill sets aside over $46.5 billion for building the border wall and related costs, and $45 billion to expand immigration detention facilities. It also provides about $30 billion for hiring and training staff for US Immigration and Customs Enforcement (ICE). It includes a new $100 fee for asylum seekers, after a higher $1,000 fee proposed in the original House bill was removed following a Senate rules review. Limits on food stamp benefits The bill shifts some of the costs of SNAP (food stamps) to certain states. Right now, the federal government fully pays for the program. Starting in 2028, states with error rates below 6% will keep full federal funding for SNAP benefits. But states with error rates above 6% will have to pay 5% to 15% of the costs, with some flexibility in how this is calculated. The bill also changes the work requirements for able-bodied adults to qualify for SNAP. Currently, adults aged 18 to 54 must meet work rules. The new rules raise the age to 64, with some exceptions for parents. Alaska and Hawaii may get waivers from work requirements if they show they are trying to comply in good faith. Raising the state and local tax (SALT) deduction The bill raises the cap on the state and local tax deduction from $10,000 to $40,000, but only for five years, after which it will go back to $10,000. This was a key issue in the House, where some Republicans from high-tax states pushed for the increase. Before the 2017 tax law, taxpayers could fully deduct state and local taxes from their federal taxes. Critics say this mainly helped wealthy homeowners in high-tax states like New York and California. However, supporters of the higher cap argue that the $10,000 limit now affects many middle-class homeowners dealing with rising property taxes. Tackling the debt ceiling The bill raises the debt ceiling by $5 trillion, more than the $4 trillion in the original House bill. Congress must address the debt limit by mid-July, as warned by treasury secretary Scott Bessent, who said the US might struggle to pay bills by August when Congress is on break. Including the debt ceiling in this bill allows Republicans to pass it with a simple majority through budget reconciliation, avoiding the usual 60-vote Senate requirement.
