Latest news with #BeautifulBill
Time of India
an hour ago
- Politics
- Time of India
White House unveils video campaign: Workers endorse Donald Trump's 'Big Beautiful Bill'
The White House on Friday released a video featuring workers giving testimonials about the benefits of President Trump's 'Big, Beautiful Bill.' The campaign is part of Trump's broader effort to pressure Republicans as Senate votes ahead this weekend, The Hill reported. Tired of too many ads? go ad free now The two-minute video includes eight people discussing the impact they believe the bill will have on their lives. Among those featured are a rancher, firefighter, DoorDash driver, pilot and border patrol agent, all praising the legislation. The Abraham family, whose daughter Katie was killed in January in a hit-and-run crash, also appears in the video. The man accused of killing her and another student is a migrant from Guatemala who was arrested on a bus in Texas as he attempted to return to Mexico. 'It's great to see that he is strengthening the border, he is putting some rational processes in, versus what's been going on the last four or five years, which is the Wild West,' Katie's father, Joe Abraham, said. 'Katie would be with us here today if we had this type of strength at the border.' Others in the video praise the bill's tax proposals and other measures. 'The reason I support the 'one big, beautiful bill' is because of the tax provisions,' said Kevin Kester, a California rancher. 'The 'one big, beautiful bill' provides funding to ensure a modernized, safe, and efficient air traffic control system here in the United States,' said Captain Miles Morgan, managing director of flight training for United Airlines. Trump has said he wants to sign the 'Big, Beautiful Bill' on July 4, which marks the 249th anniversary of the Declaration of Independence. He has called on Republicans to pass the legislation by that date and warned that he would cancel their break next week if the bill isn't ready for him to sign by that deadline. Tired of too many ads? go ad free now 'The Great Republicans in the US Senate are working all weekend to finish our 'ONE, BIG, BEAUTIFUL BILL. The House of Representatives must be ready to send it to my desk before July 4th — We can get it done,' he wrote on Truth Social. What is the 'Big, Beautiful Bill'? The 'One, Big, Beautiful Bill Act' is a proposed legislative package in the US House of Representatives aiming to reshape key areas of American policy. It's a comprehensive measure addressing taxes, federal spending, and border security. According to the White House, the bill will grow the economy by creating jobs, supporting manufacturing and encouraging investment. Officials say it will strengthen American businesses, provide families with lasting tax relief, and ensure that farms and small businesses can stay in family hands for generations. Supporters describe it as fulfilling a major promise to lower taxes for workers and businesses, protect family farms, and deliver strong, long-term economic growth.
Sky News AU
9 hours ago
- Business
- Sky News AU
Albanese welcomes US dumping ‘revenge' tax
Australian investors will be spared from Donald Trump's so-called 'revenge tax' after an intervention from his Treasury Secretary. This comes as Scott Bessent posted on X, saying, 'I have asked the Senate and House to remove the Section 899 protective measure from consideration in the One, Big, Beautiful Bill.' It follows lobbying from both the Prime Minister and the Treasurer. 'This would adversely impact Australian investment if it had been implemented,' Mr Albanese said at a recent press conference.
Yahoo
10 hours ago
- Business
- Yahoo
GOP senators negotiate Trump budget bill in hopes of improving its polling
Republicans are eager to give President Donald Trump a legislative win, but as the Senate nears a vote on Trump's signature bill, GOP negotiating over the legislation is intensifying amid warning signs it could result in political blowback. Polling shows Trump's legislation – which he has dubbed the 'Big, Beautiful Bill' – has a big problem with public opinion, and that is looming over the debate as the Senate's version of the legislation approaches the finish line. Fewer than 30% of voters support the bill in three recent polls by Pew, Quinnipiac and the Washington Post-Ipsos. Republicans are advancing a legislative package that includes tax cuts and reduced spending on social safety net programs to help pay for them, particularly the Medicaid health insurance program for the poor. Trump is pitching the legislation as an economic booster that will ignite growth, but Democrats are spotlighting concerns it could hurt lower-income Americans to rally public opposition. Protesters have descended on the Capitol in recent days to complain about the Medicaid cuts, which have become a big point of contention for GOP lawmakers. A group of 16 Republican House members sent a letter to Senate Majority Leader John Thune complaining that the Senate's version of the bill goes too far in cutting Medicaid. Some Republican senators also are raising concerns, particularly about how rural hospitals could be impacted by the proposed Medicaid changes. 'I think shutting down rural hospitals would be a big mistake,' Sen Josh Hawley, R-Missouri, told USA TODAY in discussing potential political blowback to the bill. Other Republicans say the bill doesn't go far enough to reduce spending and are pushing for deeper cuts, putting their party's leadership in a bind. The House-passed legislation would add at least $2.4 trillion over the next 10 years. 'I think the big blowback is if we don't do something to reduce the deficit we'll be seen as hypocrites,' Sen. Rand Paul, R-Kentucky, told USA TODAY. The GOP wrangling over the legislation, which Senate leaders are positioning for a vote in the next few days, comes amid a string of polls showing it is deeply unpopular. A Fox News survey released June 18 found that 59% of registered voters opposed the bill and 38% support it. The majority of Republicans (73%) back the measure, but most Independents and Democrats are opposed. The survey found that 49% of voters believe the bill will hurt their family, 23% think it will help and 26% don't think it will make a difference. The Washington Post-Ipsos survey found nearly twice as many voters oppose the legislation than support it. An analysis of the House legislation released this month by the nonpartisan Congressional Budget Office found that the poorest households would lose about $1,600 a year under the legislation, largely because of cuts to Medicaid and food aid. The wealthiest households would gain about $12,000 a year, according to the CBO. 'What this bill represents is the biggest transfer of wealth from the poor and the middle class to the rich in the history of the country,' Sen. Chris Murphy, D-Connecticut, said June 25 during a rally against the legislation at the Capitol. Murphy predicted that if Republicans don't listen to concerns about the bill 'they'll be sent back home.' 'All the data shows that the public's against it two to one,' said Senate Minority Leader Chuck Schumer. It's not just Democrats saying the legislation could be a drag on the GOP. Sen. Thom Tillis, R-North Carolina, told his GOP colleagues at a closed-door meeting June 24 that deep Medicaid cuts could result in disaster for Republicans in the midterms, according to media reports. Major legislation has blown up on the party in power in the past. Democrats suffered big loses in 2010 after pushing through the Affordable Care Act, former President Barack Obama's signature legislative achievement. Tillis invoked the Affordable Care Act to warn about blowback to the Senate's Medicaid language, according to reports. Sen. Tim Sheehy, R-Montana, said 2026 could be a tough midterm year for Republicans – but that wouldn't be the fault of Trump's bill. 'Whatever party's in control historically has a challenge in the midterms,' he told USA TODAY. 'I don't think it has anything to do with the big, beautiful bill. I think that just has to do with the dynamics of politics.' Sheehy said the bill doesn't poll well because it has 'been maligned so much.' Rep. Randy Fine, R-Florida, noted that the bill contains tax cuts that help some lower-income individuals, including eliminating taxes on tipped wages and overtime, in arguing it has been mischaracterized by Democrats. 'I'm sure that when Americans see the impact of the bill they're going to be excited,' Fine said. 'I'm just focused on putting points on the board and helping the president get his agenda done.' Contributing: Riley Beggin This article originally appeared on USA TODAY: Donald Trump's 'big, beautiful bill' has a big public opinion problem
Yahoo
11 hours ago
- Business
- Yahoo
Senate version of Trump's Big Beautiful Bill holds ‘'unexpected' tax break up to $2,000 for nearly all Americans
The Senate version of President Donald Trump's 'One Big, Beautiful Bill' legislation includes a tax break that would benefit 90 percent of Americans, CNBC reported. The Senate Finance Committee released the text for the tax and health care aspects of the Senate's version of the bill that passed the House of Representatives last month. The House version allows people who do not itemize their taxes to deduct $150 for individuals and $300 for joint filers like married couples. But the Senate version would allow $1,000 for single filers and $2,000 for joint filers. Typically, people need to choose to itemize their taxes to receive the charitable contribution deduction. The rare exception came during the Covid-19 pandemic. But 9 out of 10 Americans use the standard deduction, meaning the $2,000 tax break could come to most Americans. 'This could provide some tax savings for folks,' Erica York of the Tax Foundation, a conservative think tank, told CNBC. 'That could be something unexpected if you're not currently deducting charitable giving.' The Senate is currently debating its version of the 'One Big, Beautiful Bill,' as Trump requested Republicans to name it. In addition to the charitable deduction, Republicans hope to extend the 2017 tax cuts that Trump signed during his first tenure in the White House, boost up money for the military, military spending and oil production in the United States. But Republicans remain split on a number of aspects of the bill, including its changes to Medicaid. Fiscal conservatives also say that the bill does not do enough to slash federal spending. Earlier this week, the nonpartisan Congressional Budget Office released its dynamic estimate and it found that it would increase the deficit by $3.4 trillion. Other Republicans want to keep the renewable energy tax credits that then-President Joe Biden put into place in the 2022 Inflation Reduction Act because many Republican states benefited from the law. Republicans have only 53 seats in the Senate. To sidestep a filibuster, they plan to use a process called budget reconciliation, which allows them to pass legislation with a simple majority as long as it relates to federal spending and taxes. Currently, the legislation is undergoing the 'Byrd Bath,' wherein Senate Parliamentarian Elizabeth MacDonough, a career Senate employee, evaluates whether the legislation follows the rules of budget reconciliation and none of the parts of the bill are 'merely incidental' to the budget. 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
Yahoo
11 hours ago
- Health
- Yahoo
Republicans are worried ‘too many Medicaid cuts' will derail Trump's ‘big, beautiful bill'
Senate Republicans might miss their self-imposed deadline to pass President Donald Trump's 'One Big, Beautiful Bill' because they remain too divided over potential cuts to Medicaid. 'There's too many Medicaid cuts in there,' Sen. Josh Hawley of Missouri told The Independent. Hawley and other Republicans from states with large rural populations fear a proposed limit on states' ability to tax health care providers will force states to cut their Medicaid programs. The American Hospital Association has warned that cuts to Medicaid could be 'devastating' for rural hospitals, which typically have larger shares of patients without health insurance. Budget analysts argue that billions of dollars in reduced federal Medicaid spending could result in millions of uninsured Americans. Poll after poll shows that the bill remains incredibly unpopular among voters. But Sen. Roger Marshall of Kansas blamed the press for the bill's unpopularity. 'They certainly have cornered the bill into a little piece,' Marshall told The Independent. 'So I think it's our job is to present it piece by piece and make our case to the American public.' Republicans on the Senate Finance Committee circulated a memo about a potential $15 billion stabilization fund for rural hospitals in an attempt to win over skeptical Republicans, Punchbowl News reported. But 'that wouldn't be sufficient,' Sen. Thom Tillis of North Carolina told The Independent. Tillis, who faces a difficult re-election in a state Trump barely won, said Sen. Susan Collins, a Republican from a state with a large rural population, was crafting another proposal 'more reflective of the need' of rural hospitals. Hawley said he wanted to take a look at the proposal before throwing his support behind it. 'I want to be sure that it's actually going to flow directly to rural hospitals,' he said. 'It's going to help hospitals in my state and replace a good portion of the funds that we're losing because of the provider tax, the ill-considered provider taxes.' Trump has said he wants the bill to be passed by the Fourth of July and called on Republicans to stay in Washington until the bill's passage. 'To my friends in the Senate, lock yourself in a room if you must, don't go home, and GET THE DEAL DONE THIS WEEK. Work with the House so they can pick it up, and pass it, IMMEDIATELY,' Trump wrote on Truth Social on Tuesday. 'NO ONE GOES ON VACATION UNTIL IT'S DONE.' The bill seeks to extend the 2017 tax cuts that Trump signed during his first term and increase spending for immigration enforcement, the military and oil exploration. Trump's biggest supporters in the Senate say they would vote for a motion to proceed. Sen. Bernie Moreno of Ohio told The Independent that he would vote on a motion to proceed on the bill so it could pass this weekend. 'Absolutely,' he said. 'Not just a 'yes' but a 'hell yes.'' But not everyone is as sure. 'Do we have a bill yet?' Sen. Ron Johnson of Wisconsin, a major critic of the legislation, told The Independent. 'I think there's being pressure applied.' Republicans, who have only 53 seats in the Senate, plan to sidestep a Democratic filibuster by passing the bill using the reconciliation process, which allows a bill to pass with a simple majority if it relates to the budget. Stephen Miran, the Trump administration's chair of the Council of Economic Advisers, addressed the criticisms from moderates in the Senate. 'We don't really have the in-depth analysis of Medicaid in this paper, or of health insurance and healthcare markets in this paper, it is a super important area we've done some work on in the past,' Miran told reporters. Miran said that failing to pass the bill could result in 9 million people losing their health insurance because of the economic consequences. 'We want to avoid the biggest tax hike in history,' Miran said. 'We want to avoid plunging the economy into a recession as a result thereof. And we want to avoid te approximately 9 million sort of just flat-out losses of health insurance across the economy that occurs as a result of that.' But even if Senate Republicans manage to pass the bill, it would still need to go back to the House of Representatives, where many GOP members might want to change significant parts of the legislation. Sen. Lindsey Graham of South Carolina, the chairman of the Senate Budget Committee, said Republicans need to act quickly. 'One thing we can't do is punt,' he told The Independent.
