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Senate passes Trump tax bill

2 0
02.07.2025
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The Big Story

Senate GOP jams through Trump megabill

Senate Republicans voted Tuesday to push through a major package to advance President Trump’s tax agenda, after leaders worked throughout the weekend and a 27-hour marathon voting session to win the support of holdouts.

© Greg Nash

Vice President Vance cast the tiebreaking vote as Senate Republicans delivered a huge legislative victory for Trump by passing his One Big, Beautiful Bill Act.

The legislation appeared to be on the cusp of failing on the floor after Senate GOP leaders spent hours trying to hash out a compromise with Alaska Sen. Lisa Murkowski, an independent-minded Republican who worried the legislation’s deep cuts to Medicaid and federal food assistance funding would hurt her home state.

Murkowski told reporters after the final vote that it was an “agonizing” process.

“Rather than taking the deliberative approach to good legislating, we rushed to get a product out. This is important. I want to make sure that we’re able to keep in place the tax cuts from the 2017 [Tax Cuts and] Jobs Act,” she said, explaining her support for the bill and why it was hard for her to come around to voting yes.

The sprawling package faces challenges in the House due to deeper cuts to federal Medicaid spending, an accelerated phaseout of clean-energy tax breaks and changes to a deal to raise the cap on state and local tax deductions.

Speaker Mike Johnson (R-La.) held a call Monday afternoon to assuage GOP colleagues concerned about the Medicaid cuts.

The Hill’s Alex Bolton has more here.

 

Welcome to The Hill’s Business & Economy newsletter, I'm Aris Folley — covering the intersection of Wall Street and Pennsylvania Avenue.

 

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