Latest news with #TrumpLegislation
Yahoo
2 days ago
- Business
- Yahoo
Trump Hits Back at Musk Over Big, Beautiful Bill
Donald Trump fired back at Elon Musk after the tech billionaire criticized his 'One Big, Beautiful Bill.' The president was asked about his close ally's comments on Wednesday while speaking with reporters inside the Oval Office. Trump argued Republicans 'have to get a lot of votes.' 'We can't be cutting,' Trump said. 'We need to get a lot of support, and we have a lot of support. We had to get it through the House.' The president was responding to Musk, who slammed the legislation in an upcoming interview with CBS News' Sunday Morning. 'I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,' Musk said. The bill focused on the president's domestic agenda squeaked through the House just before Memorial Day by one vote, 215 to 214. Trump complained on Wednesday that no Democrats supported his bill, which extends the tax provisions from the 2017 tax law passed during his first term, while providing billions of dollars for the border and defense, along with other provisions. Trump said they would be negotiating the legislation. 'I'm not happy about certain aspects of it, but I'm thrilled by other aspects of it. That's the way that goes,' Trump said of the legislation with a shrug. The billionaire's comments directly contradicted the White House, which has repeatedly claimed the bill would not add to the deficit. The bill is projected to increase the federal deficit by $3.8 trillion over a decade, according to the Congressional Budget Office (CBO). Musk spent the first months of the Trump administration looking to cut government spending with his Department of Government Efficiency. 'I think a bill can be big or it can be beautiful,' Musk said. 'But I don't know if it can be both. My personal opinion.' Trump administration officials, including Deputy Chief of Staff Stephen Miller, were quick to push back on Musk's words. Miller wrote a long post on X about how Senate rules limit the reconciliation bill by preventing discretionary spending cuts, which is what DOGE had largely focused on. He also rejected the CBO's analysis of the bill's impact on the deficit, calling it an 'accounting gimmick.' However, the Penn-Wharton Budget Model also estimated it would add $3.3 trillion to the deficit over a decade, while Moody's estimated that making the 2017 tax cuts permanent would add $4 trillion to the deficit. 'It's the big, beautiful bill, but the beautiful is because of all of the things we have,' Trump argued Wednesday. The president noted that the bill now has to make its way through the Senate before it reaches final passage, but he predicted Republicans will be successful in getting it done.
Washington Post
2 days ago
- Business
- Washington Post
Tracking Trump: Republicans reject millionaire tax; Elon Musk's rift with Trump; threats to research publishing; and more
Republicans rejected a 'millionaire tax' as part of President Donald Trump's legislation. Trump officials might ban scientists from publishing in top medical journals. Elon Musk said U.S. DOGE Service has become the government's 'whipping boy.' Trump said Vladimir Putin is 'playing with fire' in his war against Ukraine. The administration wants to upend a $37 billion affirmative action program.
The Independent
22-05-2025
- Health
- The Independent
Trump's ‘big, beautiful bill' clears key committee after contentious fight in dead of night
President Donald Trump's ' One Big, Beautiful Bill ' passed in the House Rules Committee after an aggressive pressure campaign by the president. The vote came after the committee spent more than 24 hours of deliberation. Conservatives and Republicans from swing districts expressed their strong objections to the bill. Conservatives wanted steeper cuts and changes to Medicaid, while Republicans from states with Democratic governments wanted to restore a tax deduction. The Rules Committee convened at 1:00 a.m. on Wednesday morning, where members voted on numerous amendments to the legislation. But Reps. Chip Roy of Texas and Ralph Norman of South Carolina of the right-wing House Freedom Caucus voiced their frustrations that the bill did not go far enough on spending cuts, despite the fact they won a major concession in moving up work requirements for Medicaid. The objections led to a last-minute meeting at the White House with Trump, House Speaker Mike Johnson and members of the Freedom Caucus. The machinations of Johnson and Trump to pressure conservatives showed the urgency to pass the president's signature piece of legislation. Despite a late-night deal struck between Johnson and Democrats in states like New York, the amendment detailing the changes was not made available to the public for much of the hearing. On Tuesday morning, Trump visited the Capitol to make the case for the passage of the bill. Trump insisted that the legislation would not make sweeping changes to Medicaid, the program meant for poor people, pregnant women, children and people with disabilities, as well as many elderly in nursing homes. 'We're not doing any cutting of anything meaningful,' he insisted on Tuesday morning. 'The only thing we're cutting is waste, fraud, and abuse. With Medicaid – waste, fraud, and abuse. There's tremendous waste, fraud, and abuse.' But an estimate from the Congressional Budget Office found that if Congress passed all the changes put in place during the mark-ups in committee, 7.6 million people could lose their Medicaid coverage, and an additional 3.1 million could lose coverage they receive through the 2010 health-care law, also known as the Affordable Care Act or Obamacare. Democrats for their part criticized the rushed process. 'it's clear that they know that gutting Medicaid is horrible for the country,' New York Rep. Alexandria Ocasio-Cortez told The Independent. 'For Republicans, Democrats, Independents alike. But they are laser-focused on giving these tax breaks to billionaires and cutting Medicaid.' Rep. Jim McGovern, the top Democrat on the Rules Committee, dismissed Trump's remarks about Medicaid. 'Maybe the president hasn't read the bill, but I would be surprised, I don't think he reads,' he told The Independent. Even some Republicans objected to holding the hearing at 1:00 AM. 'I don't think that's the right way to do business,' Roy told The Independent. The legislation would ramp up spending for the U.S. military, immigration enforcement along the U.S.-Mexico border and oil drilling. It would also extend the 2017 tax cuts that Trump signed into law. The late-night vote on the legislation is the second time in a week that Republicans have held a markup on the vote on the legislation. On Sunday evening, the House Budget Committee held a vote on the legislation at 10 p.m., which came after Roy and other members of the House Freedom Caucus objected to the bill the previous Friday. With only 220 seats, Republicans can only risk losing a handful of votes. Senate Republicans, who only have 53 seats, plan to pass the legislation under reconciliation, a process with strict rules that allows for a bill to avoid a filibuster as long as it relates to the budget. Republicans in the House hope to pass the bill before the Memorial Day weekend. But the legislation still faces significant hurdles in the Senate, with many Republicans in the upper chamber pushing for significant changes.
CNN
21-05-2025
- Politics
- CNN
‘You're going to see us come through once again unified' : GOP Congressman on Trump's major bill
Republican Congressman Bryan Steil tells CNN's Pamela Brown about the current state of GOP negotiations to pass Trump's signature legislation.
CBS News
18-05-2025
- Business
- CBS News
House GOP tries again to push Trump's budget package forward after setback
Washington — The House Budget Committee plans to return late Sunday to attempt for a second time to move President Trump's domestic policy bill closer to the finish line after conservatives rebelled Friday over concerns the legislation does not contain steep enough spending cuts. Five Republicans — Reps. Chip Roy of Texas, Ralph Norman of South Carolina, Josh Brecheen of Oklahoma, Andrew Clyde of Georgia and Lloyd Smucker of Pennsylvania — voted against advancing the legislation when the committee met Friday to stitch together the various parts of the reconciliation package into a single bill. Smucker said he supported the bill but changed his vote at the last minute so the committee could bring it up again once their issues were resolved. None of the Democrats in the committee voted to advance the measure, causing the vote to fail. Most legislation needs to be voted out of committee to make it to the House floor, where Republicans only afford to lose a small amount of votes due to the slim majority. House Speaker Mike Johnson, a Louisiana Republican, has remained committed to putting the legislation, which would extend tax cuts from Mr. Trump's first term while temporarily ending taxes on tips and overtime, on the floor before Memorial Day despite the disagreements between some factions in his party. The tax measures, as well as increased spending on the military and border security, would be offset partly by cuts to Medicaid, food stamps and clean energy subsidies. "The Budget Committee will reconvene this evening. They'll get that through the committee, and the plan is to move it to the Rules Committee by midweek and to the House floor by the end of the week, so we meet our initial or original Memorial Day deadline," Johnson said on "Fox News Sunday." Conservatives have taken issue with the bill's failure to install work requirements for childless Medicaid recipients without disabilities before 2029. They also want to end clean energy subsidies that were implemented under the Inflation Reduction Act, which was signed into law by former President Joe Biden. "This bill has back-loaded savings and has front-loaded spending," Roy said at Friday's meeting. Hours before the Budget Committee was set to reconvene Sunday, Roy said there was progress being made on the issues, but "we're not there yet." Johnson told Fox News that Medicaid work requirements are a "no-brainer," but noted that it may not be feasible to implement them immediately because it will take time for states to adjust. Meanwhile, a group of Republicans from blue states have threatened to withhold their support in a floor vote if the bill does not raise a cap on state and local taxes that can be written off on federal tax returns. The bill increases the cap on the deduction from $10,000 to $30,000, but several New York Republicans have insisted on raising it even further. There also appeared to be a late effort to raise the top income tax rate, though Republican leadership has opposed the idea. Republican Rep. Nick LaLota of New York on Saturday floated raising the rate for individuals earning more than $609,350 and married couples earning over $731,200. Doing so, he argued, would help satisfy conservative demands for more cuts and help pay for the state-and-local deduction. Mr. Trump put pressure on the holdouts on Friday as he headed back from the Middle East, saying the party doesn't need "grandstanders." "STOP TALKING, AND GET IT DONE!" Mr. Trump wrote on Truth Social.
