The Investings Insider – Investing and Stock News
  • About Us
  • Our Team
  • Why Us
  • Blog
  • Contact Us
Latest News

Capitol agenda: How Trump could get his July 4 megabill

by June 27, 2025
by June 27, 2025 0 comment

Republicans’ “big, beautiful bill” is in tatters. President Donald Trump still wants it on his desk by July 4. Here’s everything that will have to go right to make that happen:

GOP senators and staff now believe Saturday is the earliest voting will start on the bill. Senate Majority Leader John Thune acknowledged Thursday that parliamentarian rulings forcing Republicans to rewrite key provisions of the bill are throwing his timeline into chaos.

A Saturday vote would assume no more major procedural issues, but that is not assured: Republicans could run into trouble with their use of current policy baseline, the accounting tactic they want to use to zero out the cost of tax-cut extensions. Other adverse recommendations from Parliamentarian Elizabeth MacDonough could force additional redrafts of Republicans’ tax plans.

Even if Republicans resolve every outstanding issue with the parliamentarian in the next 24 hours, Thune needs to firm up his whip count. The cap on state provider taxes remains among the thorniest issues, with senators threatening to block debate on the megabill until the Medicaid financing issue is resolved.

If the Senate does vote Saturday to proceed, expect Democrats to use the bulk of their 10 hours of debate time, while Republicans forfeit most of theirs. Then comes the main event — vote-a-rama — which would set up likely final passage for sometime Sunday.

That starts the timer for the House. GOP leaders there have pledged to give members 48 hours’ notice of a vote — and they have already advised the earliest that voting could happen is Monday evening. Republicans will have to adopt a rule before moving to debate and final passage.

But the House’s timeline depends wholly on what condition the megabill is in when it arrives from the Senate. Groups of House Republicans are already drawing red lines on matters ranging from SALT to clean-energy tax credits to public land sales. The hope is that the Senate will take care of those concerns in one final “wraparound” amendment at the end of vote-a-rama.

If they don’t, House GOP leaders are adamant that there will need to be changes — likely pushing the timeline deep into July, or perhaps beyond. For one, House Majority Leader Steve Scalise said Thursday the Senate’s slower phase-out of clean-energy tax credits “will need to be reversed,” or else.

“If there are major modifications that we cannot accept, then we would go back to the drawing board, fix some of that and send it back over,” Speaker Mike Johnson said Thursday. “So we should avoid that process, if possible.”

What else we’re watching:

— Senate war powers vote: Senators are expected to take an initial vote at 6 p.m. on Sen. Tim Kaine’s (D-Va.) resolution that would bar the president from taking further military action in Iran without congressional approval. Kaine believes Republicans will support the measure but won’t say who or how many.

— House Iran briefing: House members will receive a briefing on the Iran conflict from Defense Secretary Pete Hegseth, Secretary of State Marco Rubio, Gen. Dan Caine and CIA Director John Ratcliffe in the CVC auditorium at 9 a.m. This comes as some House lawmakers are mulling two competing war powers resolutions, which Johnson could attempt to quash in advance using a rule.

0 comment
0
FacebookTwitterPinterestEmail

previous post
How to Improve your Trading Odds and Increase Opportunities
next post
Flashback: The debate night against Trump that threw Biden’s reelection campaign into a free fall

You may also like

Marco Rubio holds first meeting with families of hostages held by Hamas

June 28, 2025

Trump’s NATO Turnaround: From threatening to pull US out to ‘daddy’ of the alliance

June 28, 2025

Trump’s ‘big, beautiful bill’ faces Republican family feud as Senate reveals its final text

June 28, 2025

Senate shuts down Kaine’s attempt to check Trump’s war powers

June 28, 2025

Key GOP centrist Rep. Don Bacon will not seek reelection

June 28, 2025

Rep. Dusty Johnson to announce a bid for South Dakota governor Monday

June 27, 2025

Trump secures record-shattering $1.4B for political war chest; will be ‘dominant force’ for GOP...

June 27, 2025

Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

June 27, 2025

Senate slated to take first vote on megabill Saturday

June 27, 2025

Barrett eviscerates Jackson, Sotomayor takes on a ‘complicit’ court in contentious final opinions

June 27, 2025

    The Investings Insider

    Address:

    12828 Willow Centre Dr Ste D #
    Houston, TX 77066

    Phone: 917-444-3121

    Sarah Carter

    Email Marketing Manager

    sarah@theinvestingsinsider.com

    Mathias Swift

    Email Marketing Manager

    michael@theinvestingsinsider.com

    Emily Adams

    Billing Contact Details

    david@theinvestingsinsider.com

    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Copyright © 2025 theinvestingsinsider.com All Rights Reserved.

    The Investings Insider – Investing and Stock News
    • About Us
    • Our Team
    • Why Us
    • Blog
    • Contact Us