...
By Shane Croucher
Senior Editor
0
Share
Newsweek is a Trust Project member
See more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.
President Donald Trump issued a fresh plea to House Republicans to pass the One Big Beautiful Bill Act as he pushes them to meet his July 4 deadline.
The thin Republican majority in the House makes the bill vulnerable. It has just returned there from the Senate, where the original House version was amended and revised.
"Our Country will make a fortune this year, more than any of our competitors, but only if the Big, Beautiful Bill is PASSED!" Trump posted to Truth Social on Wednesday morning.
Read More on Politics
"Republicans, don't let the Radical Left Democrats push you around. We've got all the cards, and we are going to use them."
The bill is the centerpiece of Trump's domestic agenda, packed with sweeping tax cuts and money for border security, deportations, and the Golden Dome missile shield, among other priorities.
Cuts to Medicaid and a food assistance program, partly offset by stricter work requirements for recipients, help mitigate the cost. But the Congressional Budget Office still sees a $3.3 trillion expansion of the deficit over the coming decades as a result.
...
Republican Calls Bill 'Nonstarter'
Republican House Speaker Mike Johnson said, "We are at the 1-yard line" in an interview with Fox News's Sean Hannity on Tuesday night, as he prepares for one last push to get the bill to Trump's desk in time for Independence Day.
"We are going to run it right up the middle and score for the American people," Johnson said, calling the bill "the most conservative piece of legislation we have ever worked on."
But Representative Chip Roy, a Texas Republican who has concerns about the fiscal impact of the bill, particularly the trillions it will add to federal debt, said the Senate had "failed us."
Roy said the Senate sent the bill back to the House "knowing that it was going to have increased deficits."
Representative Ralph Norman, a South Carolina Republican and a member of the conservative House Freedom Caucus, said "our bill has been completely changed," The Wall Street Journal reported.
"This bill's a nonstarter. We want to do this, but this bill doesn't do what the president wants it to do," Norman said, later adding that he sees enough "no" votes to block it.
Trump Says Bill Will Drive Growth
Trump views the tax-cutting bill as the engine of his plan to usher in a new Golden Age for the American economy.
"Nobody wants to talk about GROWTH, which will be the primary reason that the Big, Beautiful Bill will be one of the most successful pieces of legislation ever passed," Trump said in his Truth Social post.
"THIS GROWTH has already begun at levels never seen before," Trump continued, citing recent high-profile investments in the U.S. and the sharp increase in tariff revenues paid by American importers.
The U.S. economy contracted by 0.5 percent in the first quarter of 2025 due to the impact of a surge in imports, as businesses built up their inventories in anticipation of Trump's tariffs, dragging the headline figure down.
In the previous quarter, the economy grew by 2.4 percent, a slowdown from the approximately 3 percent growth rate in the two preceding quarters.
Update 7/2/25, 9:12 a.m. ET: This article was updated with a new headline and additional information.
View 0 Comments
Submit Correction
View Editorial & AI Guidelines