House GOP Leader Says Party Will Meet Trump Tax Bill Deadline

Key Points

  • House Republicans struggled with a procedural vote to advance Donald Trump’s major tax and spending package, keeping the vote open for hours to meet a July 4 deadline.
  • Despite confidence from House Speaker Mike Johnson and Trump, resistance from cost-conscious conservatives and swing-district moderates has delayed progress, with five Republicans voting “no” and eight withholding votes.
  • The legislation, dubbed Trump’s “big beautiful bill,” includes significant tax cuts, a phase-out of Biden-era clean energy incentives, and funding for immigration crackdowns, but faces criticism over deep cuts to Medicaid and safety-net programs.
  • Failure to pass the bill would be a major political setback for Trump, who has expressed frustration over delays and threatened to oppose reelection of dissenting Republicans.
  • Any changes to win over House Republicans could delay the bill further, missing the deadline and risking alienation of moderates due to steeper Medicaid cuts in the Senate version.

Summary

House Republicans faced significant hurdles in advancing Donald Trump’s expansive tax and spending legislation, keeping a critical procedural vote open for hours to meet the president’s July 4 deadline. Despite assurances from House Speaker Mike Johnson and Trump himself, resistance from fiscal conservatives and moderates in swing districts has stalled progress, with several Republicans voting against or withholding support. The bill, a cornerstone of Trump’s agenda, promises historic tax cuts, eliminates Biden-era clean energy incentives, and funds immigration enforcement, but draws criticism for slashing Medicaid and safety-net programs. A failure to pass would be a major blow to Trump, who has publicly vented frustration and threatened political consequences for dissenting lawmakers. Challenges persist as potential concessions to hardliners could alienate moderates and necessitate further Senate votes, risking delays. Johnson and Trump remain determined, with intense lobbying efforts underway to secure the necessary votes, though the outcome remains uncertain as internal party divisions highlight the delicate balance in a closely divided House.

Ken Tran and Jack Fitzpatrick
July 3, 2025
Stocks
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