Thursday, January 08, 2026 | 07:15 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Republicans Tax Bill

Democrats see Trump's big bill as key to comeback. But it won't be easy

It is big and it is beautiful, says President Donald Trump. But for many Democratic leaders, the tax break and spending cut package adopted by Trump's Republican allies in Congress Thursday represents the key to the Democratic Party's resurgence. Even before the final vote was tallied, Democratic officials were finalising ambitious plans for rallies, voter registration drives, attack ads, bus tours and even a multiday vigil all designed to highlight the most controversial elements of Trump's big beautiful bill: the deep cuts to the nation's safety net that will leave nearly 12 million more Americans without health coverage and millions of others without food assistance, according to the nonpartisan Congressional Budget Office. Indeed, in political battlegrounds across Alaska and Iowa, Pennsylvania and California, Democrats have already begun to use Trump's bill to bludgeon their Republican rivals. Democrats are promising that the package Trump's biggest domestic policy achievement

Democrats see Trump's big bill as key to comeback. But it won't be easy
Updated On : 04 Jul 2025 | 1:03 PM IST

Rural hospitals in US brace for financial hits, closure under Medicaid cuts

Tyler Sherman, a nurse at a rural Nebraska hospital, is used to the area's aging farmers delaying care until they end up in his emergency room. Now, with Congress planning around USD 1 trillion in Medicaid cuts over 10 years, he fears those farmers and the more than 3,000 residents of Webster County could lose not just the ER, but also the clinic and nursing home tied to the hospital. Our budget is pretty heavily reliant on the Medicaid reimbursement, so if we do see a cut of that, it'll be difficult to keep the doors open, said Sherman, who works at Webster County Community Hospital in the small Nebraska town of Red Cloud just north of the Kansas border. If those facilities close, many locals would see their five-minute trip to Webster County hospital turn into a nearly hour-long ride to the nearest hospital offering the same services. That's a long way for an emergency, Sherman said. Some won't make it. Already struggling hospitals would be hit particularly hard States and rura

Rural hospitals in US brace for financial hits, closure under Medicaid cuts
Updated On : 04 Jul 2025 | 12:07 PM IST

House resumes as GOP leaders try to win over holdouts on Trump's tax bill

The House sprang back to action late Wednesday after a prolonged stalemate as Republican leaders spent the afternoon and evening working furiously to convince sceptics to support President Donald Trump's tax and spending cuts package and send it to his desk by the Fourth of July deadline. The day evolved into one of fast starts and hard stops, as Speaker Mike Johnson recalled lawmakers to Washington. GOP leadership vowed immediate consideration of the 887-bill, eager to seize on the momentum of its passage the day before in the Senate. But after a quick procedural vote in the morning, the chamber stood idle for more than seven hours as GOP lawmakers met with Trump at the White House and others shuttled in and out of the speaker's office for private meetings. The American people gave us a clear mandate, and after four years of Democrat failure, we intend to deliver without delay, the top four House GOP leaders said after the Senate passed the bill Tuesday, thanks to Vice President JD

House resumes as GOP leaders try to win over holdouts on Trump's tax bill
Updated On : 03 Jul 2025 | 9:47 AM IST

Republicans race toward final vote on US tax bill, daring critics to oppose

Republican leaders in the House are sprinting toward a Wednesday vote on President Donald Trump's tax and spending cuts package, determined to seize momentum from a hard-fought vote in the Senate while essentially daring members to defy their party's leader and vote against it. The American people gave us a clear mandate, and after four years of Democrat failure, we intend to deliver without delay, the top four House GOP leaders said Tuesday after the bill passed the Senate 51-50, thanks to Vice President JD Vance's tiebreaking vote. It's a risky gambit, one designed to meet Trump's demand for a July 4 finish and there's a steep climb ahead. Since launching early this year, Republicans have struggled mightily with the bill nearly everystepoftheway, often succeeding by only a single vote. Their House majority stands at only 220-212, leaving little room for defections. Some Republicans are likely to balk at being asked to rubber stamp the Senate bill less than 24 hours after passage,

Republicans race toward final vote on US tax bill, daring critics to oppose
Updated On : 02 Jul 2025 | 10:14 AM IST

Senate Republicans seek support for Trump's big bill in overnight session

The Senate is slogging through a tense overnight session that has dragged into Tuesday, with Republican leaders buying time as they search for ways to secure support for President Donald Trump's big bill of tax breaks and spending cuts while fending off proposed amendments, mostly from Democrats trying to defeat the package. An endgame was not immediately in sight. Senate Majority Leader John Thune of South Dakota is reaching for a last-minute agreement between those in his party worried the bill's reductions to Medicaid will leave millions without care and his most conservative flank, which wants even steeper cuts to hold down deficits ballooning with the tax cuts. Thune declared at one point they were in the homestretch as he dashed through the halls at the Capitol, only to backtrack a short time later, suggesting any progress was elusive. At the same time House Speaker Mike Johnson has signalled more potential problems ahead, warning the Senate package could run into trouble when

Senate Republicans seek support for Trump's big bill in overnight session
Updated On : 01 Jul 2025 | 3:14 PM IST

Musk threatens to form new party over Trump's 'insane' $5 trn spending bill

Elon Musk criticises Trump's debt ceiling bill as 'fiscally reckless', warns Congress members of primary losses

Musk threatens to form new party over Trump's 'insane' $5 trn spending bill
Updated On : 01 Jul 2025 | 10:04 AM IST

Trump defends Republican tax plan as 'Christmas gifts'

Passage in Congress would provide party and US President with their first major victory

Trump defends Republican tax plan as 'Christmas gifts'
Updated On : 18 Dec 2017 | 12:31 AM IST

US Republicans unveil final tax Bill slashing corporate tax rate to 21%

The voting on the USD 1.5 trillion tax cut bill will be held next week and if passed will be the most sweeping tax overhaul in decades

US Republicans unveil final tax Bill slashing corporate tax rate to 21%
Updated On : 16 Dec 2017 | 12:55 PM IST