04/07/2025
On July 3rd, the House, under Republican control, approved a multitrillion-dollar tax cut and funding to increase national security. The party-line vote of 218-214 occurred before Trump's July 4th deadline. Reps. Thomas Massie, R-KYand Brian Fitzpatrick, R-PA were the only republicans to oppose the bill.
The bill is expected to raise the national debt by $3.3 trillion over ten years. The nonpartisan Congressional Budget Office has determined that revenue losses of $4.5 trillion exceed spending cuts of $1.2 trillion, and raises the debt ceiling by $5 trillion, according to NBC News.
House Minority Leader Hakeem Jeffries (D-NY) criticized the bill, alleging that Republicans worked overnight to pass it in order to remove millions of Americans from Medicaid and food stamps.
"I think it's important for the American people to process… SNAP on average provides $6 per day," Jeffries said.
"At the same time, Elon Musk, his federal contracts, as we understand it, amount to $8 million per day. Mr. Speaker, if Republicans were really serious about targeting waste, fraud and abuse in the United States of America, start there – $8 million per day, start right there,” he continued.
Trump is expected to sign the bill into law on Independence Day at 5pm EST.
(📸: ABC News)