Senate Advances Trump Tax Bill Amid GOP Divisions
Senate Advances Trump Tax Bill Amid GOP Divisions

Senate Advances Trump Tax Bill Amid GOP Divisions

News summary

Senate Republicans are pushing to pass President Donald Trump's massive $4.5 trillion tax and immigration package before the July 4 deadline, despite internal party dissent and Democratic opposition. The bill narrowly advanced in the Senate with a 51-49 procedural vote, allowing for continued debate, amendments, and eventual final passage. The legislation includes significant tax cuts, spending increases, and new regulations on digital assets, aiming to boost investments and create over one million jobs, though it is projected to increase the national debt by $3 trillion. Senate Majority Leader John Thune is leading negotiations to secure enough Republican support amid defections from Senators Thom Tillis and Rand Paul. Democrats have employed delaying tactics, including forcing a full reading of the 940-page bill, to highlight its contents and rally opposition. While the bill is seen as a centerpiece of Trump's second-term agenda, it remains politically contentious due to its fiscal impact and cuts to social programs.

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