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Collins offers amendment to raise tax rates on ultra-wealthy earners
Collins offers amendment to raise tax rates on ultra-wealthy earners

The Hill

time2 days ago

  • Business
  • The Hill

Collins offers amendment to raise tax rates on ultra-wealthy earners

Maine Sen. Susan Collins (R) has filed an amendment to the One, Big Beautiful Bill Act that would raise the marginal tax rate on individuals who earn more than $25 million a year and couples who earn more than $50 million a year. The amendment has a tough path to getting a simple majority vote, although Sen. Roger Marshall (R-Kan.) told reporters Monday morning that he would back it. The amendment would create a new 39.6 percent tax bracket for individuals earning more than $25 million and couples earning more than $50 million and allocate the money toward doubling the rural hospital relief fund, which is now funded at $25 billion in the bill. Collins's amendment would double the size of the rural hospital relief fund to $50 million.

Marshall says he believes Trump megabill ‘will help shrink the debt'
Marshall says he believes Trump megabill ‘will help shrink the debt'

Yahoo

time3 days ago

  • Business
  • Yahoo

Marshall says he believes Trump megabill ‘will help shrink the debt'

Sen. Roger Marshall (R-Kan.) said Sunday that he believes President Trump's 'big, beautiful bill' is going to 'help shrink the debt.' 'I actually think this bill will help shrink the debt. I think it's going to grow the economy so much, just like it did under President Kennedy, President Reagan, President Clinton, and then again, under President Trump, 45. I think it will grow the economy, shrink the debt,' Marshall told NewsNation's Chris Stirewalt on 'The Hill Sunday.' 'This is phase one. It's not the end-all. We have a lot of work to do,' he added. Senate Republicans narrowly voted Saturday to advance a massive bill to put in place Trump's agenda in spite of opposition from two of their members. Sens. Rand Paul (R-Ky.) and Thom Tillis (R-N.C.) voted against advancing the package. Paul has opposed a provision to increase the debt limit by $5 trillion, while Tillis has said the bill would cost North Carolina $38.9 billion in federal Medicaid funding. 'I cannot support this bill in its current form. It would result in tens of billions of dollars in lost funding for North Carolina, including our hospitals and rural communities,' Tillis said in a previous statement. Trump slammed Tillis on Saturday night, threatening to support a primary challenger against the North Carolina senator after he came out against Trump's megabill. 'Numerous people have come forward wanting to run in the Primary against 'Senator Thom' Tillis,' Trump said on his Truth Social platform. 'I will be meeting with them over the coming weeks, looking for someone who will properly represent the Great People of North Carolina and, so importantly, the United States of America.' On Sunday, Tillis announced he will not run for reelection to the Senate next year. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Second Amendment 'setback': Gun tax cuts stripped from Trump's 'big, beautiful bill'
Second Amendment 'setback': Gun tax cuts stripped from Trump's 'big, beautiful bill'

Fox News

time5 days ago

  • Business
  • Fox News

Second Amendment 'setback': Gun tax cuts stripped from Trump's 'big, beautiful bill'

A provision inside President Donald Trump's "big, beautiful bill" that would have lessened regulations on certain firearms was one of many stripped policies that did not pass muster with Senate rules. The Senate parliamentarian ruled late Thursday night that policy changes that would delist short-barrel rifles, shotguns and suppressors from the National Firearms Act (NFA) would have to be scrubbed from the Senate Finance Committee's portion of the mammoth bill. The provision would have allowed for those particular guns and accessories to no longer be subject to a $200 federal tax. They would also no longer have needed to be registered with the Bureau of Alcohol, Tobacco, Firearms and Explosives. Changes to the NFA were part of the Stop Harassing Owners of Rifles Today (SHORT) Act, a bill pushed by Sen. Roger Marshall, R-Kan., in the upper chamber, and Rep. Andrew Clyde, R-Ga., in the House. "This is a setback, but we are committed to working with the parliamentarian to protect the Second Amendment in any way we can through reconciliation," Marshall told Fox News Digital in a statement. "'Shall not be infringed' is crystal clear and the rights of gun owners must be respected." Indeed, lawmakers do have the opportunity to rewrite the provision to comport with the Byrd Rule, which governs the budget reconciliation process and allows either party in power to skirt the 60-vote filibuster threshold in the Senate. Clyde told Fox News Digital in a statement that he disagreed with the ruling, "as the taxation and registration of firearms under the draconian NFA are inextricably linked." "I'm working with my Senate Republican colleagues to rewrite the language so we can retain our 2A wins and deliver the best possible outcome for the American people," he said. "We must seize this rare opportunity to restore our Second Amendment rights." Arguments before the parliamentarian, who many Republicans lashed out at on Thursday following rulings that stripped key, yet divisive, Medicaid tweaks from the "big, beautiful bill," are expected to continue throughout Friday and likely until the last few minutes before the final bill is revealed. The gun provision was one of many tax-related items stripped from the package. Others included subsidies for private schools and carve-outs for religious colleges from the endowments tax, among others. There are other provisions still under consideration, including "Trump Accounts," which would have set aside $1,000 in taxpayer money for newborns, requiring Social Securities numbers for a slew of tax credits, and making tax benefits for those who invest in opportunity zones permanent.

GOP Senator: Medicaid Is Broken. Republicans Are Trying To Save It
GOP Senator: Medicaid Is Broken. Republicans Are Trying To Save It

Newsweek

time6 days ago

  • Health
  • Newsweek

GOP Senator: Medicaid Is Broken. Republicans Are Trying To Save It

As an OB-GYN in rural Kansas, I delivered a baby almost every day for over 25 years. About half of these deliveries were on Medicaid, and another 10 to 20 percent were done without reimbursement. Every doctor in our community, and our hospital, took all comers; no one was turned away based on their ability to pay. We thought it was our duty, our obligation to society. It's why we wanted to become doctors: to serve our fellow human beings. All this despite no increase in reimbursement from Medicaid in my 25 years of practicing medicine. I've said it many times: Medicaid is the most broken program in the country. Having Medicaid does not mean you have access to health care. Only 74 percent of physicians accept Medicaid, and many of those who say they do never see patients on Medicaid. Others string out appointments and limit the number they will see. Many specialists use the "busy schedule excuse" and give Medicaid patients appointments months and months out; for all practical purposes, they exclude them from their practice. Over the past five years, Medicaid spending has increased by hundreds of billions of dollars while American health outcomes have declined. Our plan will strengthen and save Medicaid for those who need it the most. By keeping the program fiscally solvent, Republicans are protecting seniors in nursing homes and all those with disabilities. We are ensuring funding will remain available for pregnant moms and prioritizing funding for children. In fact, almost half of all the children in the country—37 million—are now on Medicaid's CHIP program. We must prioritize every dollar we have for those who need it the most. US Senator Roger Marshall, a Republican from Kansas, testifies during the Senate Judiciary Committee hearing entitled "Breaking the Visa-Mastercard Duopoly: Bringing Competition and Lower Fees to the Credit Card System" on Capitol Hill in Washington,... US Senator Roger Marshall, a Republican from Kansas, testifies during the Senate Judiciary Committee hearing entitled "Breaking the Visa-Mastercard Duopoly: Bringing Competition and Lower Fees to the Credit Card System" on Capitol Hill in Washington, DC, on November 19, 2024. More ROBERTO SCHMIDT / AFP/Getty Images Over 60 percent of Americans support work requirements for Medicaid; a job is the best safety net out there, not to mention a great treatment for mental health and addiction issues. I believe there are better solutions out there than throwing more money at a program that doesn't work well. More block grants to federally funded Community Health Centers, which are developing a broad-based, more holistic approach to health care—which I believe will become a big part of the "Make America Healthy Again" movement. Another is block grants to rural hospitals, which are struggling. The best thing we can do for rural hospitals is strengthen our agricultural economy, which last year suffered its largest drop in net income in my lifetime. The GOP-led farm bill will help do just that; provisions related to biofuel production, taxes on farmers, and crop insurance will boost rural America's economy. Rural hospitals are a reflection of their local economies, and with populations declining in many rural counties, the financial base to support rural hospitals is no longer there. Any hospital that builds its financial survival based on dependence on Medicaid is bound to fail. We hope that this GOP bill spurs the economy, and expect that if anyone loses Medicaid, it'll only be because they found a good job with benefits. A good job is the best safety net out there. Roger Marshall, M.D., a Republican, is the junior U.S. senator from Kansas. He sits on the Senate Committee on Agriculture, Nutrition, and Forestry. The views expressed in this article are the writer's own.

GOP senator calls for parliamentarian's firing after serving Medicaid blow to Trump's 'big, beautiful bill'
GOP senator calls for parliamentarian's firing after serving Medicaid blow to Trump's 'big, beautiful bill'

Fox News

time6 days ago

  • Politics
  • Fox News

GOP senator calls for parliamentarian's firing after serving Medicaid blow to Trump's 'big, beautiful bill'

FIRST ON FOX: A Senate Republican wants to see the Senate parliamentarian fired and plans to introduce a resolution that would require the position to be term-limited. Fury erupted among conservatives Thursday morning following the news that Senate Parliamentarian Elizabeth MacDonough ruled several key reforms and tweaks to Medicaid in the Senate GOP's version of President Donald Trump's "big, beautiful bill" did not pass muster with Senate rules. That means that the current provisions that do not comply with the Byrd Rule must be stripped, but Republicans can still scramble to rewrite and resubmit the policy to the parliamentarian. However, Sen. Roger Marshall, R-Kan., wants immediate action taken against the parliamentarian. "In 2001, Majority Leader Trent Lott fired the Senate parliamentarian during reconciliation," Marshall told Fox News Digital. "It's 2025 during reconciliation, and we need to again fire the Senate parliamentarian." He argued that, based upon early reports, the parliamentarian's rulings against myriad provisions in the bill may erase up to $500 billion in spending cuts, which could hamper the bill's survival among fiscal hawks and miss the goal of hitting up to $2 trillion in spending cuts over the next decade. Senate Majority Leader John Thune, R-S.D., has made clear that he did not intend to overrule the parliamentarian. Fox News Digital reached out to the top Senate Republican for comment. Marshall, like other congressional Republicans, was particularly incensed over the parliamentarian's rulings that gutted numerous changes Senate Republicans made to the widely-used Medicaid program that triggered conservatives. Among the axed provisions was the Senate GOP's harsher crackdown on the Medicaid provider rate, or the amount that state Medicaid programs pay to providers on behalf of Medicaid beneficiaries, which proved a divisive policy among some in the conference. Other provisions that were nixed included denying states Medicaid funding for having illegal immigrants on the benefit rolls, preventing illegal immigrants from participating in Medicaid and the Children's Health Insurance Program (CHIP), and preventing Medicaid and CHIP funding from going toward gender-affirming care. Republicans viewed those as key cost-saving changes, and their removal has likely set back their plan to put the mammoth bill on Trump's desk by July 4. The parliamentarian is chosen by the Senate majority leader and serves without term limits in the role. Marshall wants to put an end to that practice and plans to introduce a resolution on Thursday that would only be allowed to serve one, six-year term. "The current parliamentarian has been in office since 2012, appointed by Harry Reid," Marshall said. "This is NOT an elected position. Power tends to corrupt, and absolute power corrupts absolutely. Term limits on a person with this absolute power need be implemented."

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