Trump restates request for Senate to pass tax bill
PorAinvest
lunes, 2 de junio de 2025, 6:48 pm ET1 min de lectura
Trump restates request for Senate to pass tax bill
President Donald Trump has reiterated his call for the Senate to swiftly pass his sweeping tax and spending bill. The Republican-controlled Senate is set to resume work this week on the more than 1,000-page legislation, which includes extending income tax cuts, implementing new tax breaks for tipped wages and overtime, overhauling Medicaid and food stamps, and increasing funding for immigration enforcement [1].The bill, which passed the House with a narrow margin, has faced opposition from some senators who are concerned about the potential cuts to Medicaid and the rollback of renewable energy tax credits. Senate Majority Leader Mitch McConnell has expressed a desire to move the legislation swiftly, aiming to pass it by July 4 and avoid a potential financial default by the end of July [1].
Trump has expressed his disappointment with the House-passed package, stating that he would like to see even larger tax cuts. He has urged the Senate to make modifications to the bill to achieve this goal. However, the Senate is expected to face significant pushback from a group of Republican senators who are concerned about the bill's impact on the national debt and the potential cuts to Medicaid [2].
The Senate's work on the bill is expected to be swift, with McConnell aiming to pass it by July 4. However, the real deadline is the end of July, when the U.S. is expected to hit the debt ceiling. Treasury Secretary Scott Bessent has urged Congress to pass the package before then to avoid a catastrophic financial default [2].
The bill includes a $4 trillion increase in the debt ceiling and is expected to add $3.8 trillion to the national debt over the next 10 years. Some senators, such as Ron Johnson of Wisconsin, Rick Scott of Florida, Mike Lee of Utah, and Rand Paul of Kentucky, have expressed major concerns about the bill's impact on the national debt [2].
Other senators, such as Susan Collins of Maine and Josh Hawley of Missouri, are worried about the potential changes to Medicaid. The bill would cut $625 billion from the low-income health care program while pushing an estimated 7.6 million Americans off coverage, in part by implementing new work requirements for able-bodied adults without children [2].
The Senate is expected to hold public hearings on the legislation, similar to the House's approach. However, the exact timeline for these hearings is still unclear. The Senate is expected to move swiftly on the bill, with McConnell aiming to pass it by July 4 and avoid a potential financial default by the end of July [2].
References:
[1] https://www.npr.org/2025/06/02/nx-s1-5417881/the-likely-path-for-president-trumps-tax-and-spending-agenda-in-the-senate
[2] https://www.yahoo.com/news/trumps-big-tax-bill-moves-090519862.html

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