Trump Presses Senate Republicans to Pass $5 Trillion Tax-Spending Bill Before July 4

President Donald Trump is pressing Senate Republicans to swiftly pass his comprehensive tax-cut and spending legislation known as the "One Big Beautiful Bill Act" before the July 4 holiday. The bill would extend Trump's 2017 tax cuts, expand military and immigration funding, and raise the debt ceiling by $5 trillion, which could significantly increase the national debt beyond $36.2 trillion. However, the legislation faces internal GOP divisions, with moderates like Senator Susan Collins seeking to protect social programs such as Medicaid and rural hospital funding, while hardliners demand deeper spending cuts to reduce the deficit. Senate procedural hurdles, including rulings by the parliamentarian blocking several provisions, complicate the bill's passage, drawing criticism from conservative lawmakers. Despite these challenges, Senate Majority Leader John Thune and House Speaker Mike Johnson remain optimistic about passing the bill quickly, while Democrats, led by Chuck Schumer, condemn it as fiscally irresponsible. Trump has employed social media to urge senators to "lock yourselves in a room" and finalize the deal, emphasizing urgency and warning against delaying recess until the bill is approved.