Skip to content
August 28, 2026
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
MILLENNIUM NEWS 24/7

MILLENNIUM NEWS 24/7

Bridging The Community’s World Wide

  • Home
  • IP TV LIVE
  • U.S.News
  • LOCAL ELECTION
  • State News
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • Maine
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Virginia
    • Washington
    • West Virginia
    • U.S. Virgin Islands
  • Politics
  • World News
  • Sports
  • Entertainment
  • Weather
  • Business
  • Health News
  • Urban Cultural Programs
  • ADVERTISEMENT
  • About Us
  • Contact us
Live TV

House GOP grinding ahead with Trump’s big tax cuts bill, but new report says it will add to deficit

WASHINGTON  — House Republicans are pushing to vote on their multi-trillion-dollar tax breaks package as soon as Wednesday, grinding out last-minute deal-making to shore up wavering GOP support and deliver on President Donald Trump’s top legislative priority.

Trump himself had instructed the Republican majority to quit arguing and get it done, his own political influence on the line. But GOP leaders worked late into the night to convince skeptical Republicans who have problems on several fronts, including worries that it will pile onto the nation’s $36 trillion debt.

A fresh analysis from the Congressional Budget Office said the tax provisions would increase the federal deficit by $3.8 trillion over the decade, while the changes to Medicaid, food stamps and other services would tally $1 trillion in reduced spending. The lowest-income households in the U.S. would see their resources drop, while the highest ones would see a boost, the CBO said.

Republicans hunkered down at the Capitol through the night for one last committee hearing processing changes to the package. Democrats immediately motioned to adjourn, but the vote failed on party lines.

“President Trump’s ‘one, big, beautiful bill’ is going to require one, big, beautiful vote,” said Speaker Mike Johnson, R-La. “We are going to get this done.”

It’s a make-or-break moment for the president and his party in Congress, who have invested much of their political capital during the crucial first few months of Trump’s return to the White House on this package. If the House Republicans fall in line with the president, overcoming unified Democratic objections, the package would next go to the Senate.

The package comes at a daunting time as the U.S. economy faces uncertainty. Democratic Leader Hakeem Jeffries said Republicans are trying to “quickly jam this unpopular legislation through the House because they know that the longer they wait, the more will come to light about this cruel and unconscionable bill.”

At its core, the sprawling 1,000-plus-page bill is centered on extending the tax breaks approved during Trump’s first term in 2017, while adding new ones he campaigned on during the 2024 presidential campaign.

To make up for some of the lost revenue, the Republicans are focused on spending cuts to federal safety net programs and a massive rollback of green energy tax breaks from the Biden-era Inflation Reduction Act.

Additionally, the package tacks on $350 billion in new spending — with about $150 billion going to the Pentagon, including for the president’s new “ Golden Dome” defense shield, and the rest for Trump’s mass deportation and border security agenda.

The package title carries Trump’s own words, the “ One Big Beautiful Bill Act.”

As Trump promised voters on the tax front, the package proposes there would be no taxes on tips for certain workers, including those in some service industries; automobile loan interest; or some overtime pay.

About Author

Habib Habib

See author's posts

Post navigation

Previous Trump drafts America’s business titans to burnish his image at home and abroad
Next Netanyahu “shocked” by killing of 2 staff members of Israeli embassy in DC

Related Stories

Fired Stars and Stripes Journalists Sue Trump Administration Alleging Censorship and First Amendment Violations

Fired Stars and Stripes Journalists Sue Trump Administration Alleging Censorship and First Amendment Violations

Federal US Judge Faces Complaint Over Pro-Israel Advocacy and Anti-Palestinian Remarks

Federal US Judge Faces Complaint Over Pro-Israel Advocacy and Anti-Palestinian Remarks

Former US Diplomat Claims Netanyahu Sees Political Advantage in Positioning Turkey as Israel’s Latest Adversary

Former US Diplomat Claims Netanyahu Sees Political Advantage in Positioning Turkey as Israel’s Latest Adversary

Entertainment

US Judge Questions Effort to Restore Trump’s Name on Kennedy Center Amid Controversy 1

US Judge Questions Effort to Restore Trump’s Name on Kennedy Center Amid Controversy

Yayoi Kusama, Japan’s ‘Queen of Polka Dots’, Passes Away at 97 2

Yayoi Kusama, Japan’s ‘Queen of Polka Dots’, Passes Away at 97

Mark Ruffalo Faces Accusations of Anti-Semitism Amid Media Deal Controversy 3

Mark Ruffalo Faces Accusations of Anti-Semitism Amid Media Deal Controversy

Tim Curry, Star of The Rocky Horror Picture Show, Dies at Age 80 4

Tim Curry, Star of The Rocky Horror Picture Show, Dies at Age 80

Prince Harry and Meghan Markle Return to UK Following Royal Rift 5

Prince Harry and Meghan Markle Return to UK Following Royal Rift

Legendary ‘Queen of Country’ Dolly Parton Passes Away at 80 6

Legendary ‘Queen of Country’ Dolly Parton Passes Away at 80

US Country Music Legend Dolly Parton Passes Away at 80 7

US Country Music Legend Dolly Parton Passes Away at 80

Top News

Death Toll Rises Over 470 in Nepal-Tibet Flood; Barrier Lake Poses Greater Threat

Death Toll Rises Over 470 in Nepal-Tibet Flood; Barrier Lake Poses Greater Threat

Singapore’s Plans to Clear Forests for Housing Spark Rare Public Protests

Singapore’s Plans to Clear Forests for Housing Spark Rare Public Protests

Death toll from Nepal-Tibet flood surpasses 470 as barrier lake poses new threat

Death toll from Nepal-Tibet flood surpasses 470 as barrier lake poses new threat

Six Months of War Between Iran and the US Leave Arab States Facing Tough Questions

Six Months of War Between Iran and the US Leave Arab States Facing Tough Questions

  • Home
  • About Us
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
Editor: Nur M Tofader, Office: 250 Park Avenue, 7th Floor, New York, NY 10177 & Tell: 718 893 0002 (Office), 7188441300, +1212 401 6266, e-mail: Info@millenniuamtv24.com, e-mail: Info@millenniuamnews24.com, Copyright © Millennium News 24/7 | DarkNews by AF themes.