A big policy bill from President Donald Trump, which The New York Times is live updating. The bill went to a vote in the House early Thursday but many Republicans are against it. Speaker Mike Johnson talked to Republican holdouts all night and the debate finally passed. But friends, the road to this bill is far from over!
The bill is Trump’s biggest domestic policy move to date. The New York Times says there’s millions in tax cuts and a lot of money for defense and immigration. But to get that to happen there would be big cuts to programs like Medicaid and food assistance. The bill also includes a $1,000 standard deduction and a $500 bonus to the $2,000 Child Tax Credit which runs through 2028. But to be honest, these benefits are mostly for the rich.
The Senate already passed the bill but it’s stuck in the House. Some Republicans like Senators Susan Collins and Lisa Murkowski opposed it because it would hurt rural hospitals and Medicaid. Senator Collins tried to raise a fund but her amendment didn’t pass. Still the bill passed the Senate with the vice president’s vote.
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Trump is pushing for a July 4 deadline to pass the bill. The New York Times says he’s trying to round up the House Republicans. On Wednesday he met with the House Freedom Caucus and some moderate Republicans. Some fear the bill will hurt Republicans in the 2026 midterm elections. But Trump’s pressure seems to be working.
The bill would cut more than a trillion from Medicaid leaving millions without health insurance. A New York Times report says Trump’s claim that these cuts will only prevent “waste, fraud and abuse” is not true. Meanwhile SNAP benefits which feed 42 million people will also see big cuts. These changes will hurt the poor the most.
Opposition to the bill is growing in the House. Some Republicans think it will increase the country’s debt which is already skyrocketing. The New York Times says the bill would add $3 trillion to the national debt. The House Freedom Caucus wants to make it tougher while moderate Republicans don’t like the cuts to Medicaid and SNAP. Balancing the two is tough for Speaker Mike Johnson.
Democrats are against the bill. Representative Hakeem Jeffries says it will kill health care and food aid. The New York Times says the $7,500 tax break for electric cars in the bill will also expire by the end of 2025. And it’s bad for the planet. We’ll see what happens as the House votes now.
Mark Phury is a dynamic sports enthusiast with a knack for capturing the thrill of the game. With 3 years at Hindustan Times, he delivers sharp, engaging stories that resonate with fans. Reach him at markphury@gmail.com for insights that score every time.