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

Whale Large Capital

Politics

House Republican calls for third Trump term over passage of ‘historic’ tax bill

by July 3, 2025
July 3, 2025
House Republican calls for third Trump term over passage of ‘historic’ tax bill

A key House ally of President Donald Trump is calling for the Republican leader to be eligible for a third White House term over passage of his ‘big, beautiful bill.’

Rep. Andy Ogles, R-Tenn., also called for Trump to be added to Mount Rushmore in South Dakota alongside George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln.

‘I was at the White House with President Trump for several hours yesterday and spent countless hours whipping votes with Speaker Johnson for the One Big Beautiful Bill. This historic legislation will unleash our economy and usher in a new golden age for America,’ Ogles told Fox News Digital after the bill passed.

‘Thanks to President Trump, we’re finally reversing the damage caused by Big Government and Democrat cronies. Wins like this are exactly why he deserves serious consideration for a third term—AND why so many believe he belongs on Mt. Rushmore.’

Ogles had previously introduced a resolution to give Trump the ability to run for a third term as president.

He was also seen at the White House in the lead-up to the last step of Congress advancing Trump’s massive tax and immigration bill. Ogles was also present on the House floor during tense negotiations on the bill, speaking to both Republican holdouts and House leaders at times.

The legislation narrowly passed on Thursday afternoon after a marathon session in the House of Representatives that began with a House Rules Committee meeting to advance it at 1:30 p.m. ET Tuesday, which ended nearly 12 hours later on Wednesday morning.

House lawmakers then met to debate the bill at 9 a.m. on Wednesday, though those proceedings were delayed for hours as House GOP leaders – and Trump himself – worked to persuade critics behind closed doors.

The bill numbers more than 900 pages and advances Trump’s agenda on taxes, the border, defense, energy, and the national debt.

The bill would permanently extend the income tax brackets lowered by Trump’s 2017 Tax Cuts and Jobs Act (TCJA), while temporarily adding new tax deductions to eliminate duties on tipped and overtime wages up to certain caps. It also includes a new tax deduction for people aged 65 and over.

The legislation also rolls back green energy tax credits implemented under former President Joe Biden’s Inflation Reduction Act, which Trump and his allies have attacked as ‘the Green New Scam.’

The bill would also surge money toward the national defense, and to Immigrations and Customs Enforcement (ICE) in the name of Trump’s crackdown on illegal immigrants in the U.S.

The bill would also raise the debt limit by $5 trillion in order to avoid a potentially economically devastating credit default sometime this summer, if the U.S. runs out of cash to pay its obligations.

New and expanded work requirements would be implemented for Medicaid and federal food assistance, respectively.

Democrats have blasted the bill as a tax giveaway to the wealthy while cutting federal benefits for working-class Americans.

But Republicans have said their tax provisions are targeted toward the working and middle classes – citing measures eliminating taxes on tipped and overtime wages – while arguing they were reforming federal welfare programs to work better for those who truly need them.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Rubio-run State Department dumps Biden-era DEI hiring criteria, replaces with ‘fidelity’
next post
Justice Alito’s warning about nationwide injunction ‘loophole’ looms over Trump cases

You may also like

Trump orders Attorney General to investigate Biden’s autopen...

June 5, 2025

New ‘Reagan’ movie shows president’s strengths and why...

September 1, 2024

Senate Dems rail against ‘shadow speaker’ billionaire Elon...

December 21, 2024

49 Ukrainian prisoners of war returned to Kyiv...

September 13, 2024

Zelenskyy agrees to tentative Trump minerals deal, plans...

February 25, 2025

Republicans looking for new ways to force through...

December 11, 2024

Trump admin moves to more easily fire federal...

April 3, 2025

Carney says Canada is not for sale, Trump...

May 6, 2025

Johnson’s plan to avoid government shutdown goes down...

September 19, 2024

Iranian woman strips down in anti-hijab protest following...

November 3, 2024

    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

    • President Trump to honor Iran strike flight team at the White House

      July 4, 2025
    • Elephant kills two female tourists from the UK and New Zealand in Zambian national park

      July 4, 2025
    • What is happening in South Korea? Seoul has caught the lovebug that nobody wants

      July 4, 2025
    • Russia launches record number of drones at Ukraine after latest Trump-Putin phone call

      July 4, 2025
    • Two arrested over ‘Chinese blessing scams’ targeting elderly Asian women in Australia

      July 4, 2025
    • North Korea lashes out after Trump DOJ exposes massive IT infiltration scheme

      July 4, 2025

    Categories

    • Business (706)
    • Investing (661)
    • Politics (4,798)
    • World News (3,167)
    • 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