logo
US Chamber launches six-figure ad campaign behind GOP tax bill

US Chamber launches six-figure ad campaign behind GOP tax bill

The Hill30-05-2025

Congress's tax-and-spending cut bill will receive an advertising campaign from a major business lobby as it faces widespread criticism for redistributing wealth and resources toward the upper strata of American society.
The U.S. Chamber of Commerce, one of the nation's largest business lobbies, will run the six-figure campaign across various media in targeted states and Congressional districts, though the group didn't specify in a Friday release where exactly those would be.
'The campaign will include a total of 32 billboards across the country and matching paid digital advertising. This initial ad buy will run for at least the next month with the intention to expand to additional states and districts,' the Chamber said.
The ads will mention 14 congressional representatives and two senators and will '[draw] attention to those Members of Congress who are not supportive of the bill,' the group said.
The campaign likely has an eye toward the 2026 midterm elections, which could take trifecta control of Congress and the White House away from Republicans, depending on the outcome.
Republicans are gunning for seats currently held by retiring Democrats in Michigan, New Hampshire and Minnesota and have vulnerabilities in the Senate in North Carolina and Maine.
The economy and languishing economic sentiment as a result of frequently changing White House tariff policies factor significantly in Republican's 2026 strategy, according to reports.
Their goal is to 'overcome negative economic sentiment by rekindling the energy Trump brings when he is on the ballot,' according to one report by NBC News based on interviews with about a dozen GOP strategists.
Public opinion surveys of Trump's 'big, beautiful bill' are hard to come by, but some show that the public does not view it favorably.
One survey by YouGov from earlier this month on the 'budget proposed by Republicans and Donald Trump' found that 43 percent of Americans oppose it while 36 percent support it and 21 percent have no opinion.
Along party lines, 76 percent of Republicans support it and 80 percent of Democrats oppose it, according to that poll.
A different March survey by McLaughlin and Associates that was paid for by the Chamber of Commerce found that 64 percent of respondents favored extending the 2017 Trump tax cuts while 20 percent opposed it.
The 2017 tax cuts, which form the core of the current tax legislation now under consideration by the Senate, were opposed by the majority of Americans in Gallup polling from that year, with 56 percent of Americans disapproving and 29 percent approving.
The tax-and-spending cuts are heavily skewed toward the rich, according to many different analyses of the legislation.
The Congressional Budget Office (CBO) found that Americans in the highest tenth of the income distribution will gain wealth as a result of the bill, while those in the lowest tenth will lose wealth.
The tax cuts themselves, which would add $3.9 trillion to the deficit through 2034, are also much more advantageous to the wealthiest Americans, according to the Joint Committee on Taxation (JCT). There will be hundreds of billions more in cuts for top earners than for the many more Americans making closer to the median income of around $80,000 a year, the JCT found.
The legislation will kick millions off of public health insurance and food assistance programs, according to the CBO.
Some Republicans have voiced opposition to the policies in the bill on various grounds.
Sen. Josh Hawley (R-Mo.) has staked out territory as a defender of Medicaid, which his party's bill would cut through increased reporting of work requirements – a barrier to the program by means of increased paperwork.
He wrote in a New York Times piece earlier this month that cutting health care for working poor people 'is both morally wrong and politically suicidal.'
Rep. Thomas Massie (R-Ky.) attacked the bill — and voted against it — on the grounds that it was a ticking 'debt bomb.'
All told, the legislation passed by the House could add in the ballpark of $2.3 trillion to the national deficit depending on how different parts of the bill interact with each other, estimates of which are forthcoming from the CBO.
That's roughly $255 billion on a yearly basis, or about 7 percent of the total $36 trillion national debt stock per year.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Van Hollen on Abrego Garcia's return to US: ‘A victory for the Constitution'
Van Hollen on Abrego Garcia's return to US: ‘A victory for the Constitution'

The Hill

time11 minutes ago

  • The Hill

Van Hollen on Abrego Garcia's return to US: ‘A victory for the Constitution'

Sen. Chris Van Hollen (D-Md.) celebrated the return of Kilmar Abrego Garcia, a Maryland man who was mistakenly deported and detained in El Salvador's CECOT prison, calling it 'a victory' for the rule of law. The Trump administration doubled down on the deportation, accusing Abrego Garcia, who illegally immigrated to the U.S. from El Salvador in 2011 but was later protected from removal to his home country, of having gang ties. His legal team has denied these allegations and urged for his return to the U.S. On Friday, Attorney General Pam Bondi, after months of fighting against Abrego Garcia's return in court, announced that he was transported back to U.S. soil to face criminal charges stemming from a 2022 traffic stop in Tennessee. 'This is a victory for due process. It's a victory for the Constitution. It should not have taken this long. I mean … the Trump administration dragged its feet for a very long time and ignored a 9 to 0 order from the Supreme Court,' Van Hollen said during a Friday appearance on MSNBC. 'But it's important that Abrego Garcia now come home and have his due process rights upheld in a court of law,' he added. The Maryland lawmaker visited Abrego Garcia while he was detained overseas to check on his well being and champion his release from El Salvadoran custody, which White House officials originally said would never happen. Van Hollen on Friday said that the court battle Abrego Garcia will now face should have been launched prior to his removal. 'If they're now going to take this case into the courts, as they should have, you know, from the beginning, before they just took him off the streets of Maryland and deposited him in a gulag in El Salvador, then that is — that is the due process that we've been fighting for,' he said. 'And, again, not just for his case, but for others. And — and I think that Americans understand that everybody deserves to have their rights, you know, respected. That's what the Constitution is for.' Abrego Garcia's attorney said on Friday that the criminal case is just another attempt to persecute his client. 'This shows that they were playing games with the court all along. Due process means the chance to defend yourself before you're punished, not after. This is an abuse of power, not justice,' attorney Simon Sandoval-Moshenberg previously told The Hill in a statement. 'The government should put him on trial, yes—but in front of the same immigration judge who heard his case in 2019, which is the ordinary manner of doing things, 'to ensure that his case is handled as it would have been had he not been improperly sent to El Salvador,' as the Supreme Court ordered.'

North Jersey teen wins award for his workshop to teach money awareness to other students
North Jersey teen wins award for his workshop to teach money awareness to other students

Yahoo

time14 minutes ago

  • Yahoo

North Jersey teen wins award for his workshop to teach money awareness to other students

Financial education and budgeting for kindergartners? Yes, it's never too soon to start, said Bergen County Technical High School junior Danny Jang. The Fort Lee teen's nonprofit Futures Financials Inc.'s "money awareness" workshops for students earned him a "Best Educator" citation from the professionally dominated international Money Awareness and Inclusion Awards on May 28. "Teens graduate without knowing how to open a bank account, budget their paycheck or invest for the future," Danny said. "One in four Americans after the age of 25 still don't know how to invest, how to budget efficiently, which I think is insane. Our nonprofit is built around a simple but urgent mission: make financial education accessible, engaging and everywhere." As a freshman, Danny joined the school's Financial Literacy Club to get some community service hours. Club members visited Bergen County libraries and taught children financial literacy. But after his freshman year, Danny said, he asked himself, "How could I make this club more engaging and fun?" The first answer was team teaching. "We would teach for a day, acting more like a brother and sister relationship than a teacher and lecturer," Danny said. "Then we started collaborating with a lot of organizations on the slide shows and financing." In spite of a large membership and strong teacher support, Danny said, the school eventually had to bow out as a sponsor over concerns about liability and activities outside of school that were considered "too broad for a student-run club." With a group of students, Danny formed Futures Financials Inc. last year to carry on their money awareness goals. "Rather than let the work stop there, we formalized our efforts as a nonprofit," Danny said. "This allowed us to continue and grow — teaching hundreds more students, appearing on the news, testifying in Trenton, and helping students start new chapters in schools and communities more open to this initiative." Among their early sponsors was Next Gen Personal Finance founder Tim Ranzetta, who provided grant funding and tech support. "I'm an entrepreneur with a passion for education," Ranzetta said. "After witnessing firsthand the multigenerational impact that a personal finance course could have, I wanted to share with a wider audience. Danny's organization is a great example of what we see happening across the country, a movement focused on ensuring all students in high school benefit from a personal finance course." In order to graduate from high school in New Jersey, students are required to complete 2.5 credits, roughly half a year, on financial, economic, business and entrepreneurial literacy. This includes the fundamentals of debt, budgeting, saving and investing. However, Danny said, the requirement often loses its impact when incorporated into other subjects such as social studies, and needs to be more separate and specific. Cofounder Wesley Leung testified on behalf of the group before the New Jersey Senate in favor of Bill S3497 (Assembly Bill A4764) that would extend the requirement to middle school grades six to eight. Meanwhile, Futures Financials continues to expand its repertoire to fit the needs of various student groups. "We tailor-make a version of what we teach depending on what the kids tell us about how they live," Danny said. "In some cases, the kindergarten or first grade classes come up to the fifth grade class and we teach them together. Sometimes what fifth graders don't know, a second grader might." Regardless of age, Danny said, "money enters the picture pretty early, I don't care how modest the income." "Buy me an ice cream, buy me a video game," Danny said. "The kid is always going to be asking for stuff, and the parents are going to respond in different ways." Financial concerns shift in high school as students prepare to enter college, Danny said. "They have no clue about college financial aid, scholarships, stipends, loans," Danny said. Team members follow up with a virtual handout to parents that can function as a game to educate the entire family. "Not only does it help the children, it also helps parents be more engaged about teaching their children," Danny said. "They learn about it in a fun manner. And that's my goal, for the parents to be aware of what their students are learning. Discussion is the good part." For more information on Futures Financials Inc., visit This article originally appeared on North Jersey teen's money awareness course for students wins award

BofA Lowers PT for Old Dominion (ODFL), Maintains Neutral Rating
BofA Lowers PT for Old Dominion (ODFL), Maintains Neutral Rating

Yahoo

time22 minutes ago

  • Yahoo

BofA Lowers PT for Old Dominion (ODFL), Maintains Neutral Rating

On June 4, BofA Securities lowered its price target for Old Dominion Freight Line, Inc. (NASDAQ:ODFL) from $183 to $172 and kept a Neutral rating on the stock. Ken Hoexter from BofA made the update following Old Dominion's mid-second quarter 2025 result. The American transport and logistics company reported a 5.8% decline year-over-year in revenue per day for May 2025, missing BofA's estimate of a 3.9% decline. Despite such, the company maintains a healthy gross profit margin of 39.75% and a trailing 12-month revenue of $5.73 billion. A large cargo ship navigating a busy port, its scale highlighting the company's marine transportation services. Hoexter also added that the company saw a 6.8% decline in shipments per day, missing the BofA's target of a 6.5% decline. The analyst also pointed out that the economic impact of the China tariffs has contributed to the weak results. Old Dominion's CEO, on the other hand, states that the company is maintaining its market share and profitability. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a freight transportation and logistics services company that primarily offers services in the United States, Canada, and Mexico . The company also offers household moving services and expedited logistics. While we acknowledge the potential of ODFL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. Read Next: and . Disclosure. None.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store