GOP's food stamp plan is found to violate Senate rules. It's the latest setback for Trump's big bill
WASHINGTON (AP) — In another blow to the Republicans' tax and spending cut bill, the Senate parliamentarian has advised that a proposal to shift some food stamps costs from the federal government to states — a centerpiece of GOP savings efforts — would violate the chamber's rules.
While the parliamentarian's rulings are advisory, they are rarely, if ever, ignored. The Republican leadership was scrambling on Saturday, days before voting is expected to begin on President Donald Trump's package that he wants to be passed into law by the Fourth of July.
The loss is expected to be costly to Republicans. They have been counting on some tens of billions of potential savings from the Supplemental Nutrition Assistance Program, known as SNAP, to help offset the costs of the $4.5 trillion tax breaks plan. The parliamentarian let stand for now a provision that would impose new work requirements for older Americans, up to age 65, to receive food stamp aid.
'We will keep fighting to protect families in need,' said Sen. Amy Klobuchar of Minnesota, the top Democrat on the Senate Agriculture, Nutrition and Forestry Committee, which handles the SNAP program.
'The Parliamentarian has made clear that Senate Republicans cannot use their partisan budget to shift major nutrition assistance costs to the states that would have inevitably led to major cuts,' she said.
The committee chairman, Sen. John Boozman, R-Ark., said in a statement that his team is examining options that would comply with Senate rules to achieve savings and "to ensure SNAP serves those who truly need it while being responsible stewards of taxpayer dollars.'
What's at stake in the big bill
The parliamentarian's ruling is the latest in a series of setbacks as staff works through the weekend, often toward midnight, to assess the 1,000-page proposal. It all points to serious trouble ahead for the bill, which was approved by the House on a party-line vote last month over unified opposition from Democrats and is now undergoing revisions in the Senate.
At its core, the goal of the multitrillion-dollar package is to extend tax cuts from Trump's first term that would otherwise expire if Congress fails to act. It also adds new ones, including no taxes on tips or overtime pay. To help offset the costs of lost tax revenue, the Republicans are proposing cutbacks to federal Medicaid, health care and food programs — some $1 trillion. Additionally, the package boosts national security spending by about $350 billion, including to pay for Trump's mass deportations, which are running into protests nationwide.
Trump has implored Republicans, who have the majority in Congress, to deliver on his top domestic priority, but the details of the package, with its hodgepodge of priorities, is drawing deeper scrutiny.
All told, the nonpartisan Congressional Budget Office estimates the package, as approved by the House, would add at least $2.4 trillion to the nation's red ink over the decade and leave 10.9 million more people without health care coverage. Additionally, it would reduce or eliminate food stamps for more than 3 million people.
The Senate's strict 'Byrd Rule'
The parliamentarian's office is tasked with scrutinizing the bill to ensure it complies with the so-called Byrd Rule, which is named after the late Sen. Robert C. Byrd, D-W.Va., and bars many policy matters in the budget reconciliation process now being used.
Late Friday, the parliamentarian issued its latest findings. It determined that Senate Agriculture, Nutrition and Forestry Committee's proposal to have the states pick up more of the tab for covering food stamps — what Republicans call a new cost-sharing arrangement — would be in violation of the Byrd Rule.
Many lawmakers said the states would not be able to absorb the new requirement on food aid, which has long been provided by the federal government. They warned many would lose access to SNAP benefits used by more than 40 million people.
Initially, the CBO had estimated about $128 billion in savings under the House's proposal to shift SNAP food aid costs to the states. Cost estimates for the Senate's version, which made changes to the House approach, have not yet been made publicly available.
More questions and decisions ahead
The parliamentarian's office rulings leave GOP leaders with several options. They can revise the proposals to try to comply with Senate rules or strip them from the package altogether. They can also risk a challenge during floor voting, which would require the 60-vote threshold to overcome. That would be unlikely in the split chamber with Democrats opposing the overall package.
The parliamentarian's latest advice also said the committee's provision to make certain immigrants ineligible for food stamps would violate the rule. It found several provisions from the Senate Commerce, Science and Transportation Committee, which is led by Sen. Ted Cruz, R-Texas, to be in violation. They include one to provide $250 million to Coast Guard stations damaged by fire in 2025, namely one on South Padre Island in Texas.
Still to come are some of the most important rulings from the parliamentarian. One will assess the GOP's approach that relies on 'current policy' rather than 'current law' as the baseline for determining whether the bill will add to the nation's deficits.
Already, the parliamentarian delivered a serious setback Thursday, finding that the GOP plan to gut the Consumer Financial Protection Bureau, which was a core proposal coming from the Senate Banking, Housing and Urban Affairs Committee, would be in violation of the Byrd Rule.
The parliamentarian has also advised of violations over provisions from the Senate Environment and Public Works Committee that would rollback Environmental Protection Agency emissions standards on certain vehicles and from the Senate Armed Services Committee to require the defense secretary to provide a plan on how the Pentagon intends to spend the tens of billions of new funds.
The new work requirements in the package would require many of those receiving SNAP or Medicaid benefits to work 80 hours a month or engage in other community or educational services.
___
Associated Press writer Mary Clare Jalonick contributed to this report.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
Podcast Bro Theo Von Questions How 'America First' Trump Really Is Amid Potential Iran War
Popular podcast host Theo Von joined Democratic Rep. Ro Khanna (Calif.) Friday in taking a hard stance against potential U.S. involvement in the Israel-Iran conflict. Khanna appeared on Von's podcast 'This Past Weekend' to discuss several topics, from foreign affairs to AI. At one point in the segment, Khanna promoted the War Powers Resolution, a bipartisan bill he introduced with Republican Rep. Thomas Massie (Ky.) aimed at prohibiting U.S. armed forces from unauthorized hostilities in Iran. During his discussion with Von, Khanna noted several people in MAGA's base who have been vocal about the U.S. not going to war with Iran, including Tucker Carlson and Rep. Marjorie Taylor Greene (Ga.). Von agreed with the two conservatives, stating, 'this is a horrible idea.' 'Yeah, people say, 'Well, you don't know a ton about the Middle East.' Like, that's fine. I don't want people I know, my friends, getting called up. I don't want the children of my friends getting called over to die,' Von said. 'I don't even understand how it's an option.' Von, who had Donald Trump on his podcast last year, helped the president reach younger male voters during the 2024 presidential election. Khanna remarked on the influence of Von's interview with Trump, stating the podcaster made the president 'the most human that I've actually seen him,' after the two opened up about the president's brother, alcoholism and cocaine. Last month, Von performed a controversial comedy act at a military base in Qatar before Trump addressed U.S. and Qatari troops. The podcast host has seemingly gotten closer to the Trump family, even having dinner with Ivanka and her husband, Jared Kushner, after they attended his comedy show in Miami. Miami looked good on you @TheoVon ! Come back and visit us soon !😎 — Ivanka Trump (@IvankaTrump) May 14, 2025 Now, however, Von is beginning to question the 'America First' claims that Trump made during his campaign. When Khanna asked Von if he knew anyone who was supporting the idea of the U.S. going to war with Iran, Von responded, 'Nobody.' I asked @TheoVon if he knows anyone who says we should go to war with Nobody. I feel like it was supposed to be America first. — Ro Khanna (@RoKhanna) June 20, 2025 Von went on to tell Khanna that 'it feels like we are just working for Israel,' and that he believes a lot of Americans are beginning to feel 'disillusioned' by U.S. leaders. 'I felt like it was supposed to be America first, like, we're focusing on, like, 'What are we doing to get things back into America,' right? To like, increase like the purpose of being an American, to refill our hearts with blood and ... make us feel something again here, and make us be excited about being an American,' Von said. JD Vance Tells Theo Von Musk Made A 'Huge Mistake' Going After Trump Exclusive: Israel Seeks Swift Action On Iran, Sources Say, With A Split U.S. Administration Trump Says He Should've Gotten 5 Nobel Peace Prizes While Continuing To Weigh Iran Strikes
Yahoo
34 minutes ago
- Yahoo
2 Biotech Stocks to Buy Before They Soar 84% and 240%, According to Certain Wall Street Analysts
These biotech companies have several catalysts ahead -- and in the past have soared on good news. They both offer innovative candidates that could result in game-changing treatments for patients. 10 stocks we like better than Viking Therapeutics › If you're looking to add growth to your portfolio, biotech stocks can be a great choice. Exciting research is happening in these companies' labs, and in some cases, game-changing treatment candidates are approaching important milestones or even going over the finish line. As an investor in these companies, you can benefit as they report positive clinical trial news, score a regulatory approval, or start generating product revenue. Wall Street considers two candidates extremely compelling right now, with forecasts for potential gains of more than 80% and 200% in the coming 12 months. One of these players is working in the high-growth area of weight loss drugs, and the other candidate showed its strengths by winning the world's first-ever approval of a product based on CRISPR gene editing. Let's check out these two biotech stocks to buy before they skyrocket. Viking Therapeutics (NASDAQ: VKTX) soared early last year when it reported strong data from the phase 2 trial of its weight loss candidate, VK2735, but the stock has since given back those gains and is trading closer to the level it was at prior to that data announcement. Since, the company has continued to advance VK2735 in injectable form and a version in pill form, and demand for these sorts of drugs remains high -- these are two reasons to believe that Viking has the potential to take off again. And catalysts may be on the horizon. The drug works in a manner similar to Eli Lilly's blockbuster tirzepatide, sold under the names Mounjaro and Zepbound. These drugs interact with hormones involved in digestion and have helped people quickly and safely lose weight. Viking is beginning the phase 3 trial for injectable VK2735 in the second quarter and expects data from its phase 2 trial of the pill version in the second half. Any data announcements could result in big moves for the stock, as there is plenty of room for a new company to enter the weight loss drug market -- one forecast to approach $100 billion in a few years. Wall Street is optimistic about Viking's prospects, with the average price forecast predicting an increase of about 240% in the stock price from today's level. Of course, Viking depends heavily on the outcome of these trials, so some risk is involved -- but data have been strong, so growth investors may want to get in on Viking now to potentially post a big win later. CRISPR Therapeutics (NASDAQ: CRSP) stock surged in the year leading up to a major milestone: its first product approval. But since last year's launch of Casgevy, a gene-editing treatment for blood disorders, the stock has been on the decline. Sometimes, investors buy a stock well before the company wins approval or launches a product, then lock in gains after the good news lands -- and I think this is what's happened here. But what this does is offer us a chance to get in at a very good price on a promising company that could deliver fantastic news down the road. Casgevy, as a gene-editing treatment, requires a longer time to roll out than a pill or injection, as it includes several steps that happen over a period of months. The company recently said new patient initiations should increase "significantly" this year -- so there's reason to be optimistic about revenue growth ahead. CRISPR Therapeutics also recently reported positive phase 1 data for a gene editing candidate addressing the problem of high cholesterol. And the company expects to report data soon from a phase 1 trial of a candidate targeting patients with elevated levels of lipoprotein(a) -- a risk factor for cardiovascular events. These could represent huge markets for CRISPR Therapeutics if the candidates reach the finish line, and in the meantime, any potential positive news could boost the stock. The company also expects other trial updates in candidates for oncology and autoimmune diseases this year -- so this biotech's calendar is full of possible catalysts. Wall Street's average price forecast calls for an 84% gain for CRISPR Therapeutics from today's price -- if all goes well in clinical trials and Casgevy starts to show revenue growth, now could represent a golden buying opportunity for growth investors. Before you buy stock in Viking Therapeutics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Viking Therapeutics wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CRISPR Therapeutics. The Motley Fool recommends Viking Therapeutics. The Motley Fool has a disclosure policy. 2 Biotech Stocks to Buy Before They Soar 84% and 240%, According to Certain Wall Street Analysts was originally published by The Motley Fool 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
38 minutes ago
- Yahoo
Dan Ives Says Market Is 'Massively Underestimating' This AI Play, Urges Investors To Look Beyong Mag 7
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Dan Ives' new artificial intelligence exchange-traded fund (ETF) holds securities beyond the Magnificent 7 stocks, as he believes in looking past valuations for investments in the technology sector. What Happened: The Dan IVES Wedbush AI Revolution ETF (NYSE:IVES), managed by the Wedbush analyst, started trading on June 4, earlier this month. Ives boasts of the fund by saying that it just doesn't have the top four, five Magnificent 7 names, but stocks which investors wouldn't even thematically consider as an AI name today. "I believe the market is still massively underestimating what the growth is going to look like for the AI revolution in tech," he told CNBC. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — According to him, tech trade remains significant even for the investors who missed out on its growth in the past few years. "If you focus just on valuation, you miss every transformational tech stock of the last 20 years," Ives said. Ives says Oracle Corp. (NYSE:ORCL) will be the 'epicenter' of the AI theme, while highlighting other 'AI 30' stocks which are part of his fund. Palantir Technologies Inc. (NASDAQ:PLTR), International Business Machines Corp. (NYSE:IBM), Salesforce Inc. (NYSE:CRM), SoundHound AI Inc. (NASDAQ:SOUN), and Innodata Inc. (NASDAQ:INOD) are a few notable names that are a part of his ETF's 'AI 30' basket. Microsoft Corp. (NASDAQ:MSFT), Nvidia Corp. (NASDAQ:NVDA), and Broadcom Inc. (NASDAQ:AVGO) are the top three holdings of the IVES It Matters: The 'AI 30' stocks, which are a part of the IVES ETF, hold the AI plays from multiple industries. They include hyperscalers, cybersecurity, consumer platforms, and robotics. According to Ives, the list was compiled from his deep dives into major AI players. The ETF has $183 million in assets under management as of June 17 close. Ives said that the AI space was experiencing a "golden age." The Dan IVES Wedbush AI Revolution ETF has risen by 2.76% since its inception. A comparable index, S&P Kensho Global Artificial Intelligence Enablers, rose 6.08% on a month-to-date basis. Meanwhile, the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, declined slightly on Wednesday. The SPY was down 0.015% at $597.44, while the QQQ was 0.017% lower at $528.99, according to Benzinga Pro data. Read Next: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: Shutterstock This article Dan Ives Says Market Is 'Massively Underestimating' This AI Play, Urges Investors To Look Beyong Mag 7 originally appeared on