The Latest: House passes Trump’s big tax bill in overnight session
House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package with Speaker Mike Johnson defying the skeptics and unifying his ranks to muscle President Donald Trump s priority bill to approval With last-minute concessions and stark warnings from Trump the Republican holdouts largely dropped their opposition to salvage the One Big Beautiful Bill that s central to the GOP agenda Here s the latest The crypto industry saw Trump as a champion Particular now fear he s putting personal profits first It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance Top investors in one of President Trump s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto bill and while bitcoin prices soar But Thursday night s dinner for the biggest investors in the TRUMP meme coin has raised uncomfortable questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president While Democrats charge that Trump is using the power of the presidency to boost profits for his family business even various pro-Trump crypto enthusiasts worry that the president s push into meme coins isn t helping their efforts to establish the credibility stability and legitimacy they had thought his administration would bring to their businesses Read more about Trump and crypto Trump celebrates passage of his BIG BEAUTIFUL BILL The president in his morning social media posting praised House Speaker Mike Johnson and Republican leadership for getting his major tax bill through the lower chamber Now he s pushing Senate Republicans to get moving and notch a political win on Democrats it s time for our friends in the United States Senate to get to work and send this Bill to my desk AS SOON AS ATTAINABLE Trump explained There is no time to waste The Democrats have lost control of themselves and are aimlessly wandering around showing no confidence grit or determination Planned Parenthood says barring it from Medicaid funding could have a major impact The group says a provision barring it from receiving Medicaid funds could lead to one-third of its soundness centers closing Planned Parenthood explained about centers are at vulnerability largest part of them in states where abortion is legal The nation s largest abortion provider also offers other strength services including birth control and cancer screening State Medicaid money covers abortion in particular states but not others We re in a fight for survival not just for Planned Parenthood but for the ability of everyone to get high-quality non-judgmental vitality care Planned Parenthood President and CEO Alexis McGill Johnson announced in a message Susan B Anthony Pro-Life America celebrated the provision saying in a declaration Congress took a big step toward stopping taxpayer funding of the Big Abortion industry Institute of Peace reclaims its headquarters after court win over Musk s cost-cutting company The U S Institute of Peace retook control of its headquarters Wednesday two days after a federal judge reported the firing of its board and employees by Elon Musk s Department of Authorities Efficiency was illegal The institute s acting president George Moose entered the organization s headquarters with private safeguard and the institute s outside attorney for the first time since being escorted off the premises during the DOGE takeover Moose and the majority of the institute s board were fired in March part of the mass slashing of the federal workforce spearheaded by Musk The institute and a large number of of its board members filed a lawsuit against the Trump administration soon after seeking to prevent their removal and stop DOGE from taking over its operations U S District Court Judge Beryl A Howell s opinion on Monday reversed DOGE s actions Speaking after a short examination of the headquarters Moose disclosed all appeared to be in order Read more about USIP Here s what s inside the tax bill Republicans made one last round of revisions before the bill reached the House floor boosting the state and local tax deduction to win over centrists and speeding up the work requirements in Medicaid to win over those who didn t believe the bill did enough to curb spending Here s a look at what s in the legislative package which is expected to undergo more changes when it goes to the Senate Read more about what s inside the bill House Republicans pass Trump s big bill of tax breaks and plan cuts after all-night session House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package with Speaker Mike Johnson defying the skeptics and unifying his ranks to muscle Trump s priority bill to approval Thursday With last-minute concessions and stark warnings from Trump the Republican holdouts largely dropped their opposition to salvage the One Big Beautiful Bill that s central to the GOP agenda The House launched debate before midnight and by dawn the vote was called - with Democrats staunchly opposed It next goes to the Senate To put it entirely this bill gets Americans back to winning again revealed Johnson R-La The outcome caps an intense time on Capitol Hill with days of private negotiations and community committee hearings numerous happening back-to-back around-the-clock Republicans insisted their sprawling -page-plus package was what voters sent them to Congress and Trump to the White House to accomplish They believe it will be rocket fuel as one put it during debate for the uneasy U S commercial sector Read more about the passage of the bill in the House Source
