Trump close to victory on flagship tax Bill
The tax and spending Bill would be a major landmark in US President Donald Trump's political life, sealing his vision of US domestic policy into law.
WASHINGTON - US lawmakers teed up a final vote on US President Donald Trump's marquee tax and spending Bill for the morning of July 3 after bruising Republican infighting nearly derailed the centerpiece of the president's domestic agenda.
Almost 24 hours after debate began, Mr Trump appeared close to victory as Congress edged towards passing his 'One Big Beautiful Bill', despite misgivings in his party over a text that would balloon the national debt while launching a historic assault on the social safety net.
The Bill would be a major landmark in Mr Trump's political life, sealing his vision of US domestic policy into law – and coming after he scored recent wins including in the Supreme Court and with US strikes that led to a ceasefire between Israel and Iran.
Speaker Mike Johnson struggled through the night to corral his
rank-and-file Republican members after the package scraped through a series of 'test' votes in the House of Representatives that laid bare deep divisions in the party.
It was on course for a final vote that would put it on Mr Trump's desk to be signed into law after passing its last procedural hurdle in the early hours of July 3 .
'We feel very good about where we are and we're moving forward,' an upbeat Mr Johnson told reporters at the Capitol.
'So we're going to deliver the Big, Beautiful Bill – the president's 'America First' agenda – and we're going to do right by the American people.'
Funds for mass deportation
The timetable could slip however as Democratic minority leader Hakeem Jeffries continued a long speech opposing the Bill that delayed proceedings by several hours.
Originally approved by the House in May, Mr Trump's sprawling legislation
squeezed through the Senate on July 1 but had to return to the lower chamber for a rubber stamp of the senators' revisions.
The package honors many of Mr Trump's campaign promises, boosting military spending, funding a mass migrant deportation drive and committing US$4.5 trillion (S$5.7 trillion) to extend his first-term tax relief.
But it is expected to pile an extra US$3.4 trillion over a decade onto the country's fast-growing deficits, while shrinking the federal food stamps program and forcing through the largest cuts to the Medicaid health insurance scheme for low-income Americans since its 1960s launch.
While Republican moderates in the House are anxious that the cuts will damage their prospects of reelection, fiscal hawks chafed over savings that they say fall far short of what was promised.
Mr Johnson has to negotiate tight margins, and can likely only lose three lawmakers in the final vote, among more than two dozen who had declared themselves open to rejecting Mr Trump's Bill.
'Abomination'
The 869-page text only passed in the Senate after a flurry of tweaks that pulled the House-passed version further to the right.
It offsets its tax relief with around US$1 trillion in health care cuts, and some estimates put the total number of recipients set to lose their insurance coverage under the bill at 17 million. Scores of rural hospitals are expected to close.
Mr Johnson had been clear that he was banking on Mr Trump leaning on waverers, as the president has in the past to turn around contentious House votes that were headed for failure.
The Republican leader has spent weeks hitting the phones and hosting White House meetings to cajole lawmakers torn between angering welfare recipients at home and incurring his wrath.
'FOR REPUBLICANS, THIS SHOULD BE AN EASY YES VOTE. RIDICULOUS!!!' Mr Trump, 79, thundered in one of multiple posts to his Truth Social platform as the July 2 marathon voting session spilled into July 3 .
The Bill would underline Mr Trump's total dominance of the Republican Party in his second term, and comes as he relishes a major Supreme Court victory last week that curbed lone judges from blocking his radical policies.
But House Democrats have signaled that they plan to campaign on the bill to flip the chamber in the 2026 midterm elections, pointing to data showing that it represents a historic redistribution of wealth from the poorest Americans to the richest.
Mr Jeffries held the floor for his Democrats for more than four hours ahead of the final vote, as he told the stories of everyday Americans whom he argued would be harmed by Mr Trump's legislation.
'This bill, this one big, ugly Bill – this reckless Republican budget, this disgusting abomination – is not about improving the quality of life of the American people,' he said. AFP
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Straits Times
27 minutes ago
- Straits Times
French President Macron announces ‘historic' Airbus-Malaysia Airlines deal
Sign up now: Get ST's newsletters delivered to your inbox PARIS - French President Emmanuel Macron said on July 4 there had been an historic deal between Airbus and Malaysia, as Mr Macron hosted Malaysian Prime Minister Anwar Ibrahim in Paris. Mr Macron said such deals highlighted the importance of trade between France and Asia, as Europe faces up to likely tariffs from US President Donald Trump. 'I am thinking of the projects signed in the key minerals sector, in the rare earths sector with the company Carester which has just opened up a factory in the region of Lacq, the transport sector with this historic co-operation between Malaysia Airlines and Airbus, and in the energy transition sector,' said Mr Macron. Industry sources told Reuters this week that Airbus was close to winning an order from Malaysia Aviation Group for more A330neo long-haul jets. 'Airbus has been our focus. Malaysian Airlines 20, and AirAsia another 50,' added Mr Anwar. REUTERS
Business Times
37 minutes ago
- Business Times
Opec+ considers adding more than 411,000 barrels on Saturday
[PARIS] Opec+ is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday (Jul 5), delegates said. Saudi Arabia has guided the Organization of the Petroleum Exporting Countries (Opec) to increase supplies by 411,000 barrels a day over the past three months, and the group is now weighing an even bigger boost in August. The assertive strategy, allowing the group to reclaim market share from non-Opec+ producers, comes despite the risk of a global oversupply that could further pressure prices. Oil's recent decline offers a win for US President Donald Trump, who sees lower prices as a way to ease costs for inflation-hit consumers. Eight key alliance members are now weighing a boost of over 500,000 barrels per day, according to one delegate. That would allow Opec+ to complete the return of 2.2 million barrels a day of previously halted output by September, earlier than originally planned, another said. They requested anonymity as the discussions are private. Brent futures hovered near US$68 a barrel in London on Friday, down 13 per cent over the past two weeks. A shift from open conflict between Israel and oil heavyweight Iran to a fragile truce has left Middle Eastern energy exports largely unaffected. 'With Opec+ having pivoted to a market share over a price defence strategy, it may be pointless to keep a notional voluntary cut in place,' said Harry Tchilinguirian, group head of research at Onyx Capital Group. 'It could be best to get it over faster, and simply move on.' BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Since April, Opec and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group's long-term strategy. Saturday's video conference was moved up by a day for scheduling reasons. Delegates cited a range of motivations for the shift: accommodating peak summer fuel demand, curbing overproduction by some members, and clawing back market share from rivals like US shale producers. Officials say Riyadh is especially eager to restart idled output as quickly as possible. The additional barrels may be welcomed by President Trump, who has consistently pushed for lower oil prices to support the US economy and tame inflation, while pressuring the Federal Reserve to reduce interest rates. Still, the ramp-up risks deepening a developing supply surplus, potentially driving prices to levels that could financially strain producers. Global oil inventories have been rising at a pace of about one million barrels per day in recent months, as Chinese demand cools and production climbs across the Americas-from the US and Guyana to Canada and Brazil. The International Energy Agency projects a sizeable market surplus later this year. Wall Street firms including JPMorgan Chase and Goldman Sachs forecast that prices may drop to US$60 a barrel, or lower, by the fourth quarter. Opec+is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday, delegates said. BLOOMBERG

Straits Times
43 minutes ago
- Straits Times
West Indies stage stunning fightback to trail Australia by 45 in Grenada
Sign up now: Get ST's newsletters delivered to your inbox Cricket - Ashes - Fifth Test - England v Australia - The Oval, London, Britain - July 30, 2023 Australia's Usman Khawaja in action Action Images via Reuters/Paul Childs West Indies were bowled out for 253 in their first innings of the second test in Grenada on Friday, trailing Australia by 45 runs at stumps after a dramatic second day that saw early promise turn to utter collapse before a thrilling lower-order fightback. Australia were 12 for two when play was called off, having lost Sam Konstas for a duck when he was bowled by Jayden Seales, and Usman Khawaja for two runs when Seales trapped him lbw. What began as a Friday of fluctuating fortunes for the hosts became a tale of extraordinary resilience, with the West Indies tail staging a spirited recovery to keep alive the test match and series. The morning session belonged to John Campbell until a moment of madness cost him his wicket on 40. The West Indies left-hander looked in fine touch, striking five fours and a six, before attempting an ambitious shot off Beau Webster that he could only sky for a simple catch to Mitchell Starc at mid-on. Kraigg Brathwaite's milestone 100th Test got off to the worst possible start when he fell for a duck in just the second over after being caught and bowled by Josh Hazlewood. Keacy Carty also departed cheaply for six, falling to a spectacular catch by Pat Cummins off his own bowling. Top stories Swipe. Select. Stay informed. Singapore From temples to towers: Old memories collide with new money in Geylang Singapore Clans of Geylang: The fight for survival and revival Singapore PAP has begun search for new candidates; PM Wong hopes to deploy them earlier ahead of next GE Singapore 20 retired MPs spoke up on many issues in Parliament, helped successors prepare for new role: PM Wong Singapore $3b money laundering case: 9 financial institutions handed $27.45m in MAS penalties over breaches Singapore Banks tighten vigilance and processes following $3b money laundering case Asia JB petrol station shooting: Dead man with bullet wounds dumped at hospital Singapore Trilateral work group formed to address allegations of foreigners illegally taking on platform work The afternoon session began ominously for West Indies when Roston Chase became Hazlewood's second victim in the first over after lunch, falling lbw for 16 via a successful Australian review. Brandon King and Shai Hope then steadied the ship with a patient partnership that saw King reach 75 with some authoritative strokeplay. King's innings was a masterclass in controlled aggression, while Hope grew in confidence alongside him, striking boundaries with a flourish and looking increasingly comfortable. The session was not without its lighter moments either, as play was briefly interrupted when a dog wandered on to the field, trotting around casually before Cummins helped to shepherd it back over the boundary rope. Cummins, as he so often does, produced a moment of magic to break the crucial King-Hope partnership and swing the tide back in Australia's favour. The Australian captain cleaned up Hope on 21 with an absolute peach of a delivery, triggering a collapse that saw West Indies slump from a promising position to 174 for seven, after King and Justin Greaves (1) departed soon after. At that point, the hosts seemed headed for a substantial deficit chasing Australia's first innings total of 286, but the West Indies tail had other ideas. Alzarri Joseph was the chief architect of the fightback, smashing 27 from 49 balls, while Shamar Joseph provided equally valuable support with 29, before falling to Starc. The tail-end resistance proved nothing short of remarkable, with Anderson Phillip contributing a gritty 10 from 40 balls and Seales adding a valuable seven runs as the last-wicket partnership frustrated Australia's bowlers. The lower order added 79 crucial runs for the last three wickets to keep alive West Indian hopes. The final wicket of the hosts' innings fell when Travis Head took a low catch to dismiss Phillip, with the third umpire ruling the catch clean despite replays suggesting it was touch-and-go. Nathan Lyon was Australia's most successful bowler with three wickets for 75 runs from 19 overs. Hazlewood and Cummins claimed two wickets apiece but even they could not prevent their hosts from rallying. Australia's failure to deal with the West Indies tail will be a source of frustration for the tourists, but they can take comfort from the fact that their narrow lead could still prove crucial if the pitch deteriorates further. Australia lead the three test series 1-0 after winning the opener in Bridgetown. REUTERS