logo
GOP holdouts sound alarm on $36T debt crisis as Trump's 'big, beautiful bill' passes House vote

GOP holdouts sound alarm on $36T debt crisis as Trump's 'big, beautiful bill' passes House vote

Yahoo23-05-2025
House Republicans passed President Donald Trump's "one big, beautiful bill" on Thursday morning, working through overnight committee meetings, last-minute huddles in the speaker's office and even a last-minute assist from the president.
But while House GOP leadership preached party unity as they passed The One Big Beautiful Bill Act by just one vote, two House Republican holdouts were unwavering in their concerns about the $36 trillion national debt crisis and ultimately voted "no."
Reps. Thomas Massie, R-Ky., and Warren Davidson, R-Ohio, took their concerns to social media on Thursday, telling their constituents exactly why they bucked the Republican Party on Trump's key legislative agenda.
"While I love many things in the bill, promising someone else will cut spending in the future does not cut spending. Deficits do matter and this bill grows them now. The only Congress we can control is the one we're in. Consequently, I cannot support this big deficit plan. NO," Davidson said early Thursday morning before the vote was final.
Mike Johnson, Donald Trump Get 'Big, 'Beautiful' Win As Budget Passes House
Massie responded soon after, telling Davidson he agreed and "if we were serious, we'd be cutting spending now, instead of promising to cut spending years from now."
Read On The Fox News App
House Gop Leadership Takes Victory Lap After Passing Trump's 'One Big, Beautiful Bill'
"I'd love to stand here and tell the American people, 'We can cut your taxes and increase spending and everything is going to be just fine.' But I can't do that because I'm here to deliver a dose of reality. This bill dramatically increases deficits in the near-term, but promises our government will be fiscally responsible five years from now. Where have we heard that before?" Massie said on the House floor.
The Kentucky congressman, who regularly sports a national debt clock pin, presented a bleak reality for Trump's "big, beautiful bill" on Thursday as most Republican holdouts rallied behind the final manager's amendment. "This bill is a debt bomb ticking," Massie said.
When White House press secretary Karoline Leavitt was asked about Massie and Davidson voting against the bill, she said the president believes they should be primaried.
"I don't think he likes to see grandstanders in Congress. What's the alternative? I would ask those members of Congress. Did they want to see a tax hike? Did they want to see our country go bankrupt? That's the alternative by them trying to vote 'no.' The president believes the Republican Party needs to be unified," Leavitt said.
Gop Holdouts Unmoved By Trump's 'Big, Beautiful' Trip To Capitol Hill
Massie, who has been campaigning on Trump calling him a grandstander, even fundraised on Leavitt's comments, writing on X, "The big beautiful bill has issues. I chose to vote against it because it's going to blow up our debt. For voting on principle, I now have the President AND his press Secretary campaigning against me from the White House podium. Can you help me by donating?"
Former Rep. Bob Good, R-Va., who served as Chair of the House Freedom Caucus, has spoken out against the country's debt crisis amid House negotiations, piled on the national debt criticism on Thursday, writing, "The Big Ugly Truth is that the Big Ugly Bill will push the Big Ugly Debt over $60 trillion."
Good found himself out of the job when he lost the Republican primary to now-Rep. John McGuire of Virginia last year.
He was one of just a handful of House Republicans who endorsed Florida Gov. Ron DeSantis in the 2024 GOP presidential primaries, and then Trump threw his political might behind McGuire.
The One Big Beautiful Bill Act is a multitrillion-dollar piece of legislation that advances Trump's agenda on taxes, immigration, energy, defense and the national debt.
While the bill seeks to make a dent in the national debt crisis by cutting roughly $1.5 trillion in government spending, the U.S. still has over $36 trillion in debt and has spent $1.05 trillion more than it has collected in fiscal year 2025, according to the Treasury Department.
"I think the most essential truth in American politics is that nobody actually really cares about the national debt or deficit. It's too abstract to saturate public sentiment," Fox News Digital columnist David Marcus said after the bill passed.
Fox News Digital's Elizabeth Elkind contributed to this report. Original article source: GOP holdouts sound alarm on $36T debt crisis as Trump's 'big, beautiful bill' passes House vote
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How Sun Communities (SUI) Supports Investors with Special Dividends
How Sun Communities (SUI) Supports Investors with Special Dividends

Yahoo

time28 minutes ago

  • Yahoo

How Sun Communities (SUI) Supports Investors with Special Dividends

Sun Communities, Inc. (NYSE:SUI) is included among the 14 Stocks that Paid Special Dividends in 2025. An aerial view of a REIT-developed multi-housing property. Founded in 1975, Sun Communities, Inc. (NYSE:SUI) became a publicly traded company in December 1993. It operates as a fully integrated real estate investment trust (REIT). As of March 31, 2025, the company owned, managed, or held interests in a portfolio of 502 developed properties for manufactured housing (MH), recreational vehicles (RV), and communities in the UK, totaling around 174,850 developed sites across the US, Canada, and the United Kingdom. On May 6, Sun Communities, Inc. (NYSE:SUI) declared a 10.6% hike in its quarterly dividend to $1.04 per share. This marked the company's ninth consecutive year of dividend growth. The Board of Directors also approved a one-time special cash payout of $4.00 for each common share and unit, totaling around $520 million. SUI offers a quarterly dividend of 3.44%, as of July 23. While we acknowledge the potential of SUI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

SITE Centers Corp's (SITC) Special Dividend Boosts Investor Income in 2025
SITE Centers Corp's (SITC) Special Dividend Boosts Investor Income in 2025

Yahoo

time28 minutes ago

  • Yahoo

SITE Centers Corp's (SITC) Special Dividend Boosts Investor Income in 2025

SITE Centers Corp. (NYSE:SITC) is included among the 14 Stocks that Paid Special Dividends in 2025. Aerial view of a shopping plaza, showcasing the expansive nature of the real estate company. In June, SITE Centers Corp. (NYSE:SITC) announced that it has completed the sale of The Promenade at Brentwood in Missouri for $71.6 million and Chapel Hills West in Colorado Springs for $23.7 million, before accounting for closing costs, prorations, and other adjustments. Part of the net proceeds was used to pay down $13.9 million in mortgage debt. In addition, SITE Centers Corp. (NYSE:SITC)'s Board of Directors declared a special cash distribution of $1.50 per common share. The company stopped paying regular dividends in 2024. SITE Centers Corp. (NYSE:SITC) owns and manages open-air shopping centers mainly situated in suburban areas with high household incomes. The company operates as a fully integrated real estate investment trust (REIT) that is both self-managed and self-administered. While we acknowledge the potential of SITC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Connectez-vous pour accéder à votre portefeuille

Thai-Cambodia Clashes Enter Second Day as US Calls for Ceasefire
Thai-Cambodia Clashes Enter Second Day as US Calls for Ceasefire

Yahoo

time28 minutes ago

  • Yahoo

Thai-Cambodia Clashes Enter Second Day as US Calls for Ceasefire

(Bloomberg) -- The armed military conflict between Thailand and Cambodia entered a second day, with troops using rockets and artillery to shell targets along their contested border as the US joined other nations in calling for an immediate ceasefire. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Thailand's government put the death toll from the deadliest clashes in more than a decade at 14, including a soldier. Thai authorities have also said more than two dozen people were injured, some seriously, while Cambodia is yet to report on casualties. The Thai army said Cambodian 'forces conducted sustained bombardment' using heavy weapons, field artillery and rockets through Friday morning, and that it responded appropriately and advised civilians to avoid the conflict zones. Cambodia's defense ministry confirmed shelling overnight and claimed to control the site of three disputed temples, the Khmer Times reported. Read: What's Behind Deadly Thailand-Cambodia Border Clash?: QuickTake The flareup in clashes on Thursday, which included Thai airstrikes on Cambodian military bases using F-16 fighter jets and Phnom Penh's attack on civilian areas in Thailand, followed a months-long border standoff that also pushed Thailand's ruling coalition to the brink of collapse. Thai stocks and baht declined a second day. The baht fell 0.2% to 32.33 per dollar, in line with regional peers, while the benchmark stock index fell as much as 0.6%. The fighting has drawn condemnation from world leaders, with the US saying it was gravely concerned. Read: Cambodia Clash Heaps Pressure on Embattled Thai PM, Boosts Army 'The United States urges an immediate cessation of hostilities, protection of civilians, and a peaceful resolution of the conflict,' State Department deputy spokesman Tommy Pigott told reporters in Washington on Thursday. Burning Man Is Burning Through Cash Elon Musk's Empire Is Creaking Under the Strain of Elon Musk It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store