institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

HOUSE GIVES FINAL OK TO TRUMP TAX BILL

  • On July 3, 2025, the U.S. House narrowly approved President Donald Trump's $4.5 trillion package of tax reductions and budget cuts, sending the legislation to his desk for signing.
  • The legislation, which includes tax breaks from 2017 set to expire, faced significant challenges due to divisions among Republicans, with the Senate narrowly approving the bill after Vice President JD Vance cast the deciding vote.
  • The bill features consistent tax rates for all taxpayers next year, $1.2 trillion in Medicaid and food stamp cuts through new work requirements, and a $350 billion investment in national security and deportation enforcement.
  • Democratic leader Hakeem Jeffries delivered a speech lasting over eight hours to oppose the bill, describing it as a "crime scene" and warning that cuts to food assistance programs would deprive vulnerable groups—including children, veterans, and seniors—of essential nutrition.
  • The bill now goes to President Trump, who said he would sign it into law on July 4, and the measure is expected to add $3.3 trillion to deficits and leave 11.8 million more without health coverage, highlighting significant political and social implications.
Insights by Ground AI
Does this summary seem wrong?

33 Articles

All
Left
9
Center
15
Right
2
Right

Ok final of the House to the revolution of public spending: on security funds and against immigration. Falcidized credits for green energy and electric cars.Maros Sefcovic to Washington to deal with. US-Vietnam agreement: fly the Ho-Chi-Minh index.The special contains two articlesContinue reading

Read Full Article
Lean Left

The controversial tax law of US President Donald Trump has taken the last hurdle in Congress – now it can put Trump into effect with its signature as planned on US Independence Day

·Vienna, Austria
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 58% of the sources are Center
58% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Economic Times broke the news in on Thursday, July 3, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.