These two House GOP members voted against Trump's big bill
'Although there were some conservative wins in the budget reconciliation bill (OBBBA), I voted No on final passage because it will significantly increase U.S. budget deficits in the near term, negatively impacting all Americans through sustained inflation and high interest rates,' Massie
.
Advertisement
Following the vote, Fitzpatrick
'I voted to strengthen Medicaid protections, to permanently extend middle class tax cuts, for enhanced small business tax relief, and for historic investments in our border security and our military,' Fitzpatrick said in the statement. 'However, it was the Senate's amendments to Medicaid, in addition to several other Senate provisions, that altered the analysis for our PA-1 community.'
'The original House language was written in a way that protected our community; the Senate amendments fell short of our standard,' Fitzpatrick added.
Trump is expected to sign the bill at 5 p.m. on Friday, White House press secretary Karoline Leavitt said.
Advertisement
Alyssa Vega can be reached at
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
25 minutes ago
- Business Insider
Tesla CEO vs. Trump: Elon Musk's Political Gambit Sparks ‘Train Wreck' Remark
Tesla (TSLA) CEO Elon Musk has reignited political drama—this time not over markets, but politics. Over the weekend, Musk officially launched a new U.S. political party called the 'America Party,' saying it was needed to break the current 'one-party system' and restore 'freedom' to Americans. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The announcement didn't go unnoticed. President Donald Trump sharply criticized Musk's move, calling him a 'train wreck' and claiming he had gone 'completely off the rails' in recent weeks. Trump also took aim at the viability of third parties in U.S. politics, calling the idea 'ridiculous' and a source of 'confusion.' Musk Breaks with Trump in Political Power Play The feud marks a sharp turn in their relationship. Musk had previously donated over $250 million to Trump's campaign and briefly served as an adviser in the White House, leading a cost-cutting initiative known as 'Doge.' But tensions rose after Musk criticized Trump's recently signed 'One Big Beautiful Bill Act,' warning that it would add $3 trillion to the national debt and 'bankrupt' the country. Musk Launches Party, Raises New Risks While Musk hasn't confirmed any personal political run, he hinted that the America Party may focus on select congressional races in 2026, sparking speculation about its potential to draw votes away from Republicans in key districts. Adding to the drama, Treasury Secretary Scott Bessent suggested that Musk's political involvement might worry Tesla and SpaceX's boards. Musk fired back, calling Bessent a 'Soros stooge' due to his past ties with Soros Fund Management, where he helped manage large investments under financier George Soros. With politics entering Musk's already packed portfolio, both Wall Street and Washington are watching closely, especially as Tesla gears up for its Q2 earnings later this month. What Is the Prediction for Tesla Stock? When it comes to Elon Musk's companies, most of them are privately held. However, retail investors can invest in his most popular company, Tesla. Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 12 Holds, and nine Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $293.09 per share implies 7.06% downside risk.
Bloomberg
26 minutes ago
- Bloomberg
Tesla Slides on Concern Musk's New Party Will Exacerbate Slump
Tesla Inc. shares fell in early trading after Elon Musk announced he's formed a new political party, digging deeper into a pursuit that's been a drag on his most valuable business. The chief executive officer announced over the weekend that he'll take on Republicans and Democrats with the 'America Party,' focusing for the next 12 months on House and Senate seats. After that, backing a candidate for president isn't out of the question, Musk wrote Sunday on X.
Atlantic
34 minutes ago
- Atlantic
Annoying People to Death
According to the White House, the One Big Beautiful Bill, the president's signature second-term domestic legislation, does not cut Medicaid. According to any number of budget analysts, including Congress's own, it guts the health program, bleeding it of $1 trillion in financing and eliminating coverage for 10 million people. The White House has found a simple way to square this technocratic circle: lie. A trillion dollars in cuts is not a cut; stripping 10 million people of health insurance does not constitute shrinking the program; the president never said ' lock her up '; Joe Biden did not win the 2020 election; up is down and down is up. Other Republicans are adopting a more complicated form of explanatory geometry. The law implements a nationwide work requirement for Medicaid. Able-bodied adults will have to prove that they are employed, volunteering, or in school in exchange for coverage. 'If you are able to work and you refuse to do so, you are defrauding the system,' Speaker Mike Johnson explained on CBS. 'You're cheating the system, and no one in the country believes that that's right. So there's a moral component to what we're doing.' The law does not cut Medicaid, in this telling. It protects the program from abuse. Johnson's explanation is no less galling than Donald Trump's lies. The Medicaid work requirement will not strengthen the program, improve the labor market, or kick lazy cheaters off government benefits. Rather, it will saddle taxpayers with billions of dollars of new costs and low-income Americans with hundreds of millions of hours of busywork. Red tape will cause millions of people to lose health coverage, some of whom will perish because they cannot access care. Republicans are not protecting Medicaid. They are voting to annoy their own constituents to death. Why does Medicaid need a work requirement in the first place? To prevent the safety net from becoming a hammock, Republicans love to say. But most people on Medicaid are already working if they can work. And Medicaid doesn't provide its enrollees with cash or a cash-like payment, as the country's unemployment-insurance, welfare, Social Security, and SNAP programs do. You can't eat an insurance card. You can't pay your rent with the guarantee of low co-pays for ambulatory care. Because insurance does not help recipients make ends meet, it does not shrink the labor market, as proved by a randomized controlled trial. According to the Kaiser Family Foundation, 64 percent of nondisabled adults on Medicaid have a job. Most of the others are not working because they have medical problems or significant caretaking responsibilities, or because they are attending school. Just 8 percent of nondisabled adults seem to be in the category of folks Johnson hopes will be spurred to work by the threat of losing their health coverage. They aren't 28-year-old guys signing up for public insurance so they can play video games all day. They are retirees and people who can't find work in their community. Thus, the work requirement should really be understood as a work- reporting requirement. Starting in 2027, nondisabled adults will have to log in and tell Uncle Sam what they do with their time in order to afford cancer screenings and bloodwork. Each state with an expanded Medicaid program will have to pay a contractor to create, test, and launch a complex intake-and-verification system in 18 months—six, really, because the Department of Health and Human Services is not expected to release detailed rules on the new requirement until midway through next year. In 2019, the Government Accountability Office found that states had spent as much as $463 per beneficiary setting up such systems in the past. Georgia, the only state that currently has a Medicaid work requirement, spends $9 on overhead for every $1 it spends on medical care through the initiative. More than 20 million Americans will have to set up accounts to let the state know that they are in compliance with the work requirement, out of compliance, or not subject to it. This likely means collecting documents, uploading them, waiting for verifications, submitting sensitive personal data, and appealing incorrect determinations, all on what, history shows, will surely be a clunky, faulty system backed by a too-small cadre of overworked and underpaid civil servants. A broken laptop or a faulty internet connection might cause an individual to get rejected; a missed phone call from a caseworker might lead to a person missing out on care. Washington is shifting the burden of public administration onto individuals, and counting on people to fail. In general, work requirements are far better at weeding out worthy participants than they are at motivating noncompliant ones. Roughly 240,000 Georgians are eligible for the state's work-for-Medicaid initiative, which covers very poor nondisabled adults. Only 5,500 are actually enrolled, thanks to the complexity of the program's rules and the impossibility of its portal. Arkansas kicked nearly 20,000 people off Medicaid when it required applicants to prove that they were working in 2018 and 2019; the change had no effect on employment. One analysis of the One Big Beautiful Bill suggests that each ' appropriate ' disenrollment from Medicaid will cost taxpayers $5,000 in bureaucratic overhead—not far off from how much Medicaid spends per person to begin with. Trump's law doesn't protect Medicaid. It requires Americans to spend hundreds of millions of hours a year filling out tedious, unnecessary paperwork. It will cause millions of Americans to lose their health coverage, limiting their access to care and forcing them into debt. An estimated 50,000 people will die each year—many thanks to red tape.
