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    Home»Nigeria Economy»U.S. Senate passes Trump’s landmark tax and spending bill after marathon debate
    Nigeria Economy

    U.S. Senate passes Trump’s landmark tax and spending bill after marathon debate

    NigeriaNewzBy NigeriaNewzJuly 1, 2025No Comments4 Mins Read
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    U.S. Senate passes Trump’s landmark tax and spending invoice after marathon debate

    The US Senate has narrowly handed a sweeping tax and spending bundle, delivering a hard-fought victory for President Donald Trump’s administration and shifting his signature legislative precedence one step nearer to turning into legislation.

    After a grueling 26 hours of debate, the measure cleared the Senate on Tuesday with Vp JD Vance casting the tie-breaking vote to finish a 50-50 impasse. The dramatic late-night vote adopted weeks of bitter Republican infighting and intense lobbying efforts by the White Home to safe the help of wavering GOP senators.

    Learn additionally: Musk vows to punish lawmakers who back Trump’s spending bill

    Senate Republicans hailed the invoice, which guarantees multi-trillion-dollar tax cuts alongside main boosts in defence spending — as a long-overdue overhaul to spur financial development and strengthen nationwide safety. However the bundle would additionally slash components of the federal security internet by the biggest margin in a long time, stoking outrage amongst Democrats and a few reasonable Republicans.

    “It is a main coverage win for the American folks,” Trump declared on his social media platform, Fact Social, shortly after the vote. “We will have all of this proper now, however provided that the Home GOP unites and does the precise factor, which is sending this invoice to my desk.”

    Home Republicans are anticipated to reconvene in Washington on Wednesday to contemplate the Senate’s model of the laws, with GOP leaders racing to ship it to Trump by July 4. The ultimate hurdle could but show difficult: regardless of their slender majority, Home Republicans stay deeply divided, with dozens of members privately expressing misgivings about provisions rewritten by the Senate.

    Learn additionally: Elon Musk calls for new political party as he escalates attack on Trump’s tax bill

    Intense lobbying and a decisive tie-breaker

    Securing the Senate vote required painstaking negotiations between Senate Majority Chief John Thune, vice chairman Vance, and key GOP holdouts, together with Alaska’s Lisa Murkowski. Occasion leaders reportedly spent days providing coverage concessions tailor-made particularly to Murkowski’s house state. She finally sided together with her celebration, offering the essential fiftieth vote.


    One Republican, Maine’s Susan Collins, joined Democrats in opposing the invoice, citing its potential impression on social providers in her state. One other, North Carolina senator Thom Tillis, made headlines when he abruptly introduced his retirement fairly than help the measure — a transfer Democrats seized on as proof of discontent inside GOP ranks.

    “I’m of Scandinavian heritage — at all times a little bit of a realist — so we’ll see what occurs,” Thune informed reporters on Tuesday morning, simply hours earlier than the ultimate vote, hinting on the fragile nature of the settlement.

    Democrats decry ‘betrayal’

    Democrats have been scathing of their response. Senate Minority Chief Chuck Schumer of New York accused Republicans of betraying working Individuals to ship a windfall for the rich and defence contractors.

    Learn additionally: Trump claims US-China trade deal has been signed

    “Senate Republicans betrayed the American folks and lined the Senate in utter disgrace,” Schumer stated in a blistering press convention. “This invoice is so irredeemable that one Republican actually selected to retire fairly than vote sure and decimate his personal state. However there have been many senators who felt simply as he did.”

    Regardless of the rancour, the White Home stays optimistic that the Home will swiftly approve the invoice in its present kind, permitting Trump to signal it into legislation earlier than the Independence Day vacation. On Fact Social, Trump urged Home Republicans to carry the road: “Keep UNITED, have enjoyable, and vote ‘YAY.’ GOD BLESS YOU ALL!”

    Because the Home prepares for a showdown on Wednesday, the stakes couldn’t be increased for Trump and congressional Republicans — who hope to brandish the laws as proof they will govern, even because it assessments their fragile coalition to the restrict.



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