Will Republicans’ “Big, Beautiful Bill” Make the July 4th Deadline? A Senate Showdown Looms.
Will Republicans’ “Big, Beautiful Bill” Make the July 4th Deadline? A Senate Showdown Looms.
The fate of the Republicans’ ambitious “Big, Beautiful Bill,” championed by former President Trump, hangs in the balance. Senate Majority Leader John Thune (R-SD) revealed on “The Will Cain Show” that a Senate floor vote is unlikely before the week of June 22nd, potentially jeopardizing the bill’s passage before the July 4th target.
The delay stems from the highly controversial tax provisions within the bill, currently under review by the Senate Finance Committee. These provisions, expected to be released as early as Monday, include potentially explosive changes to SALT (state and local taxes), spending cuts, and adjustments to Medicare and Medicaid. This section of the legislation is expected to be the most contentious.
Following the committee’s release, Senate Parliamentarian Elizabeth MacDonough will meticulously examine the bill, ensuring compliance with strict Senate budget rules. This process will likely extend the timeline, pushing the crucial “vote-a-rama” – a marathon voting session – to the week of June 22nd.
Even if the Senate approves the bill, the House faces a tight deadline. They must either accept the Senate’s revisions before July 4th or send it back for further negotiations, potentially pushing the process beyond the initial deadline. A protracted battle could necessitate a fourth “vote-a-rama” in just a few months.
While July 4th serves as an aspirational goal, the true deadline looms in early August, when the Treasury Department anticipates hitting the debt ceiling. A debt ceiling increase is a key component of the “Big, Beautiful Bill,” adding even more pressure to the already intense political climate.
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