Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Binance SEC lawsuit could dent crypto exchange’s global plans

    August 10, 2026

    Miami Chef Says He Regrets His Vote For Trump After Loss Of TPS Hurt His Business

    August 10, 2026

    The Future of Autism Care Under TRICARE

    August 10, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Binance SEC lawsuit could dent crypto exchange’s global plans
    • Miami Chef Says He Regrets His Vote For Trump After Loss Of TPS Hurt His Business
    • The Future of Autism Care Under TRICARE
    • Experts Explain What Michigan’s Dropped Lettuce Advisory Means For Consumers.
    • Frictionless Guest App | Digital Concierge App for B&B, Inn and Lodging Providers – Company Profile
    • Abhirath Sah new General Manager at Le Méridien Mahabaleshwar Resort & Spa
    • Study Reveals Walking Faster May Help Protect Brain Health In Older Adults
    • QVC Vendor’s ‘Blow Job’ Blooper Is One For The Ages
    Facebook X (Twitter)
    SBM Global News
    Demo
    • Home
    • Top Stories
      • Politics
    • Business
      • Small Business
      • Marketing
    • Finance
      • Investment
    • Technology

      Frictionless Guest App | Digital Concierge App for B&B, Inn and Lodging Providers – Company Profile

      August 10, 2026
      Read More

      Planned Amazon data center could become the biggest climate polluter in the U.S.

      August 9, 2026
      Read More

      Nayyer Tech – Company Profile

      August 8, 2026
      Read More

      OpenAI’s new AI smart speaker will reportedly sell for between $300 and $400

      August 7, 2026
      Read More

      Nikita Bier steps down as X’s head of product

      August 6, 2026
      Read More
    • Lifestyle
      • Travel
    • Feel Good
    • Get In Touch
    SBM Global News
    Demo
    Home»Politics»Trump Pushes A July 4th Deadline For Big Tax Bill As Senators Dig In
    Politics

    Trump Pushes A July 4th Deadline For Big Tax Bill As Senators Dig In

    By Staff WriterJune 5, 20257 Mins Read
    Facebook Twitter LinkedIn Reddit Email
    #image_title
    Share
    Facebook Twitter LinkedIn Pinterest Email

    WASHINGTON (AP) — President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be signed into law by the Fourth of July, and he’s pushing the slow-rolling Senate to make it happen sooner rather than later.

    Trump met with Senate Majority Leader John Thune at the White House earlier this week and has been dialing senators for one-on-one chats, using both the carrot and stick to nudge, badger and encourage them to act. But it’s still a long road ahead for the 1,000-page-plus package.

    “His question to me was, How do you think the bill’s going to go in the Senate?” Sen. Josh Hawley, R-Mo., said about his call with Trump. “Do you think there’s going to be problems?”

    It’s a potentially tumultuous three-week sprint for senators preparing to put their own imprint on the massive Republican package that cleared the House late last month by a single vote. The senators have been meeting for weeks behind closed doors, including as they returned to Washington late Monday, to revise the package ahead of what is expected to be a similarly narrow vote in the Senate.

    “Passing THE ONE, BIG, BEAUTIFUL BILL is a Historic Opportunity to turn our Country around,” Trump posted on social media. He urged senators Monday “to work as fast as they can to get this Bill to MY DESK before the Fourth of JULY.”

    But Trump’s high-octane ally, billionaire Elon Musk, lambasted the package — and those voting for it.

    “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,” Musk posted on his site X, as some lawmakers have expressed reservations about the details. “Shame on those who voted for it: you know you did wrong. You know it.”

    A test for Thune

    Thune, like House Speaker Mike Johnson, has few votes to spare from the Senate’s slim, 53-seat GOP majority. Democrats are waging an all-out political assault on GOP proposals to cut Medicaid, food stamps and green energy investments to help pay for more than $4.5 trillion in tax cuts — with many lawmakers being hammered at boisterous town halls back home.

    “It’d be nice if we could have everybody on board to do it, but, you know, individual members are going to stake out their positions,” Thune said Tuesday. “But in the end, we have to succeed. Failure’s not an option.”

    Johnson called Musk’s harsh criticism of the bill “very disappointing.”

    “With all due respect,” said Johnson, who said he spoke with Musk for more than 20 minutes, “my friend Elon is terribly wrong about the one big beautiful bill.”

    At its core, the package seeks to extend the tax cuts approved in 2017, during Trump’s first term at the White House, and add new ones the president campaigned on, including no taxes on tips. It also includes a massive buildup of $350 billion for border security, deportations and national security.

    To defray the lost tax revenue to the government and avoid piling onto the nation’s $36 trillion debt load, Republicans want reduce federal spending by imposing work requirements for some Americans who rely on government safety net services. Estimates are 8.6 million people would no longer have health care and nearly 4 million would lose Supplemental Nutritional Assistance Program benefits, known as SNAP.

    Demo

    The package also would raise the nation’s debt limit by $4 trillion to allow more borrowing to pay the bills.

    Senate Democratic Leader Chuck Schumer said Trump’s bill “is ugly to its very core.”

    Schumer said Tuesday that senators should listen to Musk. “Behind the smoke and mirrors lies a cruel and draconian truth: tax breaks for the ultra-wealthy paid for by gutting health care for millions of Americans,” said the New York senator.

    The nonpartisan Congressional Budget Office is expected to soon provide an overall analysis of the package’s impacts on the government balance sheets. But Republicans are ready to blast those findings from the congressional scorekeeper as flawed.

    The GOP holdouts

    Trump switched to tougher tactics Tuesday, deriding the holdout Republican senators.

    The president laid into Kentucky Sen. Rand Paul, the libertarian-leaning deficit hawk who has made a career of arguing against government spending. Paul wants the package’s $4 trillion increase to the debt ceiling out of the bill.

    “Rand votes NO on everything, but never has any practical or constructive ideas. His ideas are actually crazy (losers!),” Trump posted.

    Paul seemed unfazed. “I like the president, supported the president,” the senator said. “But I can’t in good conscience give up every principle that I stand for and every principle that I was elected upon.”

    The July 4th deadline is not only aspirational for the president, it’s all but mandatory for Treasury Secretary Scott Bessent, who has warned Congress that the nation will run out of money to pay its bills if the debt ceiling, now at $36 trillion, is not lifted by mid-July or early August to allow more borrowing. Bessent has also been meeting behind closed doors with senators and GOP leadership.

    To make most of the tax cuts permanent — particularly the business tax breaks that are the Senate priorities — senators may shave some of Trump’s proposed new tax breaks on automobile loans or overtime pay, which are less prized by some senators.

    There are also discussions about altering the $40,000 cap that the House proposed for state and local deductions, known as SALT, which are important to lawmakers in high-tax New York, California and other states, but less so among GOP senators.

    “We’re having all those discussions,” said Sen. Thom Tillis, R-N.C., another key voice in the debate.

    Hawley is a among a group of senators, including Maine Sen. Susan Collins and Alaska Sen. Lisa Murkowski, who have raised concerns about the Medicaid changes that could boot people from health insurance.

    A potential copay of up to $35 for Medicaid services that was part of the House package, as well as a termination of a provider tax that many states rely on to help fund rural hospitals, have also raised concerns.

    “The best way to not be accused of cutting Medicaid is to not cut Medicaid,” Hawley said. Collins said she is reviewing the details.

    20 Years Of Free Journalism

    Your Support Fuels Our Mission

    Your Support Fuels Our Mission

    For two decades, HuffPost has been fearless, unflinching, and relentless in pursuit of the truth. Support our mission to keep us around for the next 20 — we can’t do this without you.

    We remain committed to providing you with the unflinching, fact-based journalism everyone deserves.

    Thank you again for your support along the way. We’re truly grateful for readers like you! Your initial support helped get us here and bolstered our newsroom, which kept us strong during uncertain times. Now as we continue, we need your help more than ever. We hope you will join us once again.

    We remain committed to providing you with the unflinching, fact-based journalism everyone deserves.

    Thank you again for your support along the way. We’re truly grateful for readers like you! Your initial support helped get us here and bolstered our newsroom, which kept us strong during uncertain times. Now as we continue, we need your help more than ever. We hope you will join us once again.

    Support HuffPost

    Already contributed? Log in to hide these messages.

    20 Years Of Free Journalism

    For two decades, HuffPost has been fearless, unflinching, and relentless in pursuit of the truth. Support our mission to keep us around for the next 20 — we can’t do this without you.

    Support HuffPost

    Already contributed? Log in to hide these messages.

    Associated Press journalists Kevin Freking, Mary Clare Jalonick, Matt Brown, Joey Cappelletti, Michelle L. Price, Josh Boak and Nathan Ellgren contributed to this report.

    View original article here

    Share. Facebook Twitter LinkedIn Email Reddit
    Previous ArticleDeadlift Vs Squat: Which Exercise Is Better for Your Butt?
    Next Article Chinese Company Takes a Shot at the Moon With $300 Million XRP Play – BitRss

    Related Posts

    Miami Chef Says He Regrets His Vote For Trump After Loss Of TPS Hurt His Business

    August 10, 2026
    Read More

    Stephen Miller Has A Ballroom Breakdown Over Appeals Court Decision

    August 9, 2026
    Read More

    Trump Posts AI Image Of Scenario Many Of His Critics Fear Most

    August 9, 2026
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256

    AAVE Price Prediction: Target $215-225 by Mid-January 2025 as Technical Indicators Signal Bullish Momentum

    December 15, 2025240

    Ventive Hospitality Joins Green Fins: Strong ESG Lift

    February 17, 2026211
    Don't Miss
    Investment

    Binance SEC lawsuit could dent crypto exchange’s global plans

    By Staff WriterAugust 10, 20268 Mins Read

    The United States Securities and Exchange Commission filed a lawsuit against Binance along with its…

    Read More

    Miami Chef Says He Regrets His Vote For Trump After Loss Of TPS Hurt His Business

    August 10, 2026

    The Future of Autism Care Under TRICARE

    August 10, 2026

    Experts Explain What Michigan’s Dropped Lettuce Advisory Means For Consumers.

    August 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    Demo
    About Us

    Small Business Minder brings together business and related news from around the world in one place. Follow us for all the business news you'll need.

    Facebook X (Twitter)
    Our Picks

    Binance SEC lawsuit could dent crypto exchange’s global plans

    August 10, 2026

    Miami Chef Says He Regrets His Vote For Trump After Loss Of TPS Hurt His Business

    August 10, 2026
    Most Popular

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256
    © 2026 Small Business Minder
    • Home
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. To get the most from our site, please disable your Ad Blocker.