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5 takeaways as Senate ships Trump’s megabill to House
- The Senate passed a 940-page domestic policy bill on Tuesday by a 51-50 vote that reshapes student lending and delays regulations.
- The Senate's progress was delayed after a difficult overnight debate, during which Republican leaders faced challenges in securing enough backing amid doubts and clear distinctions from the House proposal.
- The Senate bill caps graduate lending at $100,000 per borrower, raises taxes on wealthy colleges through a tiered system, and requires programs to meet earnings thresholds to keep funding.
- Vice President JD Vance broke the tie to pass the legislative package, while President Trump, speaking to reporters on Air Force One, expressed skepticism about reaching a trade agreement with Japan.
- The bill now requires House-Senate reconciliation before becoming law, amid ongoing tariff deadlines, economic uncertainty, and infrastructure delays like the Mississippi River bridge.
8 Articles
8 Articles
U.S. Senate narrowly passes GOP megabill
U.S. Senate Republicans approved their signature tax break and spending cuts package Tuesday with a tie-breaking vote cast by Vice President JD Vance, following days of tense, closed-door negotiations that went until the few last minutes of a marathon amendment…
5 takeaways as Senate ships Trump’s megabill to House
Senate Republicans endured a 26-hour slog before finally passing President Trump’s ambitious tax and spending package early Tuesday afternoon, putting it one giant step closer to reaching the president’s desk. The bill now heads to the House, where questions surround whether the lower chamber can meet the GOP’s self-imposed July 4 deadline for passing the…
Tax cut takeaways for Alabamians in Trump's megabill
WASHINGTON — U.S. Senate Republicans, including Alabama’s lawmakers, have hailed the extension of tax cuts and the addition of new tax breaks as motivation for supporting President Donald Trump’s sweeping tax cut legislation, but the benefits won't be felt equally.
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