US President Donald Trump on Tuesday (July 1) hailed the Senate’s slim passage of his tax and spending invoice, calling it “music to my ears”, in a second of political triumph that adopted days of acrimonious debate and marathon voting.
The almost 900-page coverage, dubbed the “One Large Lovely Invoice,” contains huge tax cuts, reductions to Medicaid, expanded immigration enforcement, and new tax breaks for tipped and time beyond regulation earnings. The Senate accepted it in a razor-thin 51-50 vote after Vice President JD Vance broke the tie, marking a serious victory for Trump’s second-term agenda.
“Music to my ears”
Trump was knowledgeable of the invoice’s passage whereas holding a roundtable dialogue at his new migrant detention facility in Florida, “Alligator Alcatraz.”
“Wow, music to my ears,” Trump stated when a reporter broke the information.
He shortly added: “I used to be additionally questioning how we’re doing, as a result of I do know that is primetime, it reveals that I care about you.”
Trump praised Vice President Vance for casting the decisive vote: “He’s doing a very good job.”
Divided GOP, slim path to passage
The Senate vote capped a rare 72 hours of rigidity inside the Republican Social gathering. Three GOP senators—Rand Paul of Kentucky, Thom Tillis of North Carolina, and Susan Collins of Maine—defected over issues starting from deficit will increase to steep Medicaid cuts.
Even so, Senate Majority Chief John Thune managed to corral the remainder of his fractious convention to assist the invoice.
Requested what he would say to Home Republicans nonetheless against the Senate’s modifications, Trump argued the invoice provided one thing for everybody:
“It tells you there’s one thing for everybody. … It’s an amazing invoice. There’s something for everybody, and I feel it’s going to go very properly within the Home. Really, I feel it is going to be simpler within the Home than it was within the Senate.”
Invoice’s key provisions
The laws would:
Make everlasting Trump’s 2017 tax cuts, set to run out later this 12 months.
Create new tax breaks for ideas, time beyond regulation pay, and retirees.
Roll again billions in inexperienced vitality incentives.
Add $350 billion for border safety and mass deportation efforts.
Impose work necessities and funding cuts to Medicaid and meals help packages.
The Congressional Finances Workplace estimates the invoice would improve the nationwide debt by $3.3 trillion over the subsequent decade—a projection Republicans largely dismissed.
Home showdown forward
The invoice now strikes to the Home, the place Speaker Mike Johnson signaled plans to fast-track approval regardless of grumbling from fiscal conservatives. Republicans maintain solely a three-seat majority, leaving little margin for error.
“The Home will work shortly to go the One Large Lovely Invoice that enacts President Trump’s full America First agenda by the Fourth of July,” Johnson stated in a press release. “The American folks gave us a transparent mandate, and after 4 years of Democrat failure, we intend to ship at once.”
