Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

Pence group warns Senate not to rubber-stamp Trump’s ‘big, beautiful bill’

by June 12, 2025
June 12, 2025
Pence group warns Senate not to rubber-stamp Trump’s ‘big, beautiful bill’

Former Vice President Mike Pence’s conservative organization wants Republican senators to gut provisions from the ‘big, beautiful bill’ that could jeopardize the legislation’s survival in both chambers.

Advancing American Freedom, Pence’s organization that he founded in 2021, supports the House’s offering in the budget reconciliation process, and views it as the best move to prevent President Donald Trump’s first-term tax cuts from expiring. 

However, Chair Marc Short and President Tim Chapman called on the Senate GOP to make further refinements to the bill to ensure a better end product, in a letter to Senate Republicans first obtained by Fox News Digital. 

And some of those changes would see key provisions that helped move the president’s bill through the House stripped out.

The duo praised House Republicans for ‘hard-fought’ reforms to Medicaid, rolling back of certain provisions from the Biden administration’s Inflation Reduction Act, cuts to Planned Parenthood funding and the end of taxpayer dollars flowing to ‘dangerous sex change operations.’

But they believed the Senate GOP could further polish the House’s offering.

‘Even still, the Senate should build on the House’s hard work to perfect the One, Big, Beautiful Bill to deliver for the American people,’ they wrote.

Pence’s organization also called for further lowering the corporate tax rate, which was set at 21% by Trump’s first-term tax cut package, eliminating the state and local tax (SALT) deduction entirely, ending all Green New Deal subsidies, and gutting a proposed increase to the debt limit.

Some of the changes advocated for by Advancing American Freedom, like nixing the debt-limit language, could go a long way toward earning support from Sen. Rand Paul, R-Ky., who has vowed to vote against the bill if the debt-limit hike is left in.

But completely ending green subsidies could pose a problem for a cohort of Senate Republicans who have wanted to see the phase-out authored by House Republicans reworked. Doing away with the SALT deduction could hinder the bill, too.

Senate Republicans largely do not care about the increase to the SALT cap to $40,000 pushed for by blue-state Republicans in the House, given that no Republican senator represents a blue state. But House Republicans from New York, New Jersey and California have vowed to vote against the legislation if the cap is touched.

Congressional Republicans are using the budget reconciliation process to pass a sweeping bill advancing Trump’s agenda on taxes, immigration, energy, defense and the national debt. The main thrust of the colossal package is to extend or make permanent the president’s 2017 tax cuts, but lawmakers are also working to use it to bring down the national debt – nearing $37 trillion – with the aim of cutting $1.5 trillion in federal spending.

While leaders have warned to make as few changes as possible to the House’s offering, the Senate GOP intends to leave its mark on the package, particularly in trying to find steeper savings. Any seismic changes could jeopardize the bill’s survival in the House, where it narrowly passed on a 215 to 214 vote last month.

Short and Chapman noted that the ultimate goal of the package is to prevent Trump’s tax cuts from lapsing.

‘If Congress gets cold feet — or fails to send the package to the president’s desk — 
American households will suffer a $2,100 tax increase on average,’ they wrote.

‘[The One Big Beautiful Bill] not only defuses the looming tax bomb, it takes a first step toward entitlement reform, rebuilds the military, and ensures that our Border Patrol agents and Immigration and Customs Enforcement officers have the tools they need to secure the border and deport illegal aliens,’ they said. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Public opinion turns against Trump-backed tax and spending bill, new survey finds
next post
Trump scores major win as Senate installs IRS critic to lead the agency

You may also like

Ricketts, Fetterman team up for crackdown on China’s...

June 5, 2025

Abbey Gate terrorist, human smuggling ring leaders, cartel...

March 11, 2025

Biden aides considered ‘undemocratic’ actions to keep cognitive...

May 27, 2025

China going after down-ballot races: report reveals which...

October 24, 2024

Johnson erupts over ‘dangerous’ Biden ‘cover-up’ as Democrats...

July 23, 2025

Dem strategists fret Harris ‘sugar high’ is over:...

October 10, 2024

Federal department cafeteria empty for years under Biden:...

February 21, 2025

As Democrats regroup outside DC, GOP attorneys general...

February 11, 2025

Havana Syndrome study halted as review finds some...

September 16, 2024

WATCH: Republicans rally behind Trump, continue to support...

June 6, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • WATCH: Trump says he is hopeful Hillary Clinton will be investigated for election fraud

      August 1, 2025
    • Trump moves nuclear submarines weeks after praising sub’s power in Iran strikes

      August 1, 2025
    • Recess on ice as Republicans hunker down for high-stakes nominee blitz

      August 1, 2025
    • Iran says it has ‘plenty of scientists’ left to restart uranium enrichment, despite US, Israeli strikes

      August 1, 2025
    • Trump repositions 2 nuclear submarines after ‘highly provocative’ Russian comments

      August 1, 2025
    • Trump endorses ‘MAGA warrior’ for RNC chairman after Whatley launches Senate campaign

      August 1, 2025

    Categories

    • Business (741)
    • Investing (661)
    • Politics (5,153)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved