Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

House GOP Faces Internal Divisions Over Trump’s $3.3 Trillion Tax-and-Spending Bill

by Team Lumida
July 3, 2025
in Macro
Reading Time: 5 mins read
A A
0
House GOP Faces Internal Divisions Over Trump’s $3.3 Trillion Tax-and-Spending Bill
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  1. House Drama Stalls Progress: House Republicans are struggling to secure enough votes to advance President Trump’s tax-and-spending bill, with five GOP lawmakers voting against a procedural rule, blocking progress for now.
  2. Internal GOP Divisions: Fiscal hawks demand deeper spending cuts, while moderates express concerns over Medicaid and social safety net reductions. The Senate version of the bill has drawn criticism for its $3.4 trillion deficit impact* over a decade.
  3. Trump’s Push for Unity: Trump and Vice President JD Vance are lobbying GOP lawmakers, emphasizing tax cuts and military spending while downplaying Medicaid cuts as targeting waste and fraud.
  4. Senate vs. House Versions: The Senate bill includes laxer clean-energy tax credit rules, deeper Medicaid cuts, and a $1 trillion higher debt ceiling increase* than the House version, sparking further GOP dissent.
  5. Tight Majority Risks: With a 220-212 GOP majority, Republicans can only afford four defections to pass the bill, making every vote critical.

What Happened?

House Republicans hit a roadblock late Wednesday as internal divisions delayed progress on Trump’s $3.3 trillion tax-and-spending bill*, which passed the Senate earlier this week. The bill, dubbed the “big beautiful bill”, includes $4.5 trillion in tax cuts* and $1.2 trillion in spending cuts*, targeting programs like Medicaid and food stamps while boosting military and immigration enforcement funding.

A procedural rule vote stalled as five GOP lawmakers joined Democrats in opposition, citing concerns over the Senate version’s deeper Medicaid cuts and clean-energy tax credit provisions. Speaker Mike Johnson and Trump are working to unify the party, with Trump meeting separately with House Freedom Caucus members and moderates to address their concerns.


Why It Matters?

The bill represents a cornerstone of Trump’s domestic agenda, combining tax cuts with spending reductions. However, the internal GOP divisions highlight the challenges of governing with a narrow majority. The Senate version’s $3.4 trillion deficit impact* and deeper Medicaid cuts have raised concerns among both fiscal conservatives and moderates, complicating efforts to pass the bill.

For Trump, the bill’s passage is critical to maintaining momentum ahead of the 2026 midterms. However, its unpopularity—49% of Americans oppose it, according to a Pew Research poll—could pose political risks for Republicans in swing districts.


What’s Next?

House leaders are expected to continue negotiations to secure the necessary votes, with Trump pushing for the bill to reach his desk by July 4. If the House alters the Senate version, the bill will need to return to the Senate, delaying final passage.

Analysts will monitor whether Trump’s lobbying efforts can overcome GOP divisions and whether the bill’s provisions, particularly on Medicaid and clean energy, are further revised to appease dissenters.

Source
Previous Post

Google Ordered to Pay $314 Million Over Android Data Privacy Violations

Next Post

China’s Services Activity Falls to 9-Month Low Amid Weak Consumer Demand

Recommended For You

U.S. Inflation Rises to 2.7% in June, Signaling Potential Tariff Pass-Through to Consumers

by Team Lumida
23 hours ago
U.S. Inflation Rises to 2.7% in June, Signaling Potential Tariff Pass-Through to Consumers

Key Takeaways: Powered by lumidawealth.com Inflation Uptick: U.S. consumer prices rose 2.7% in June year-over-year, up from 2.4% in May, aligning with economists' expectations and suggesting that companies may...

Read more

Epstein Files Controversy Deepens Republican Divide, Threatening Trump’s Base

by Team Lumida
23 hours ago
Epstein Files Controversy Deepens Republican Divide, Threatening Trump’s Base

Key Takeaways: Powered by lumidawealth.com Widening Rift: A growing controversy over the release of documents related to Jeffrey Epstein is deepening a rift within the Republican Party, with some...

Read more

Trump Signals Imminent Pharma and Semiconductor Tariffs, Downplays Broader Trade Deals

by Team Lumida
23 hours ago
Trump Delays Reciprocal Tariffs to August 1, Citing Progress in Trade Negotiations

Key Takeaways: Powered by lumidawealth.com Imminent Tariffs: President Trump indicated that tariffs on pharmaceuticals are likely to be imposed by the end of July, with similar levies on semiconductors...

Read more

China’s Economy Shows Resilience in Q2 Amid Tariff Assault, But Domestic Weakness Persists

by Team Lumida
2 days ago
China’s Manufacturing Powerhouse Faces Domestic Struggles: What It Means for Global Investors

Key Takeaways: Powered by lumidawealth.com GDP Growth: China’s GDP expanded 5.2% in Q2 2025 year-over-year, slowing slightly from Q1 but remaining on track to meet its official full-year target...

Read more

Trump Threatens 100% Tariffs on Russia, Pledges NATO-Funded Arms for Ukraine

by Team Lumida
2 days ago
Trump Threatens New Wave of Tariffs, Targeting Key Trading Partners with Rates Up to 40%

Key Takeaways: Powered by lumidawealth.com Tariff Threat: President Trump threatened to impose 100% "secondary tariffs" on Russia if it does not agree to a ceasefire deal with Ukraine within...

Read more

Wall Street Unfazed by Trump’s 200% Pharma Tariffs Due to Extended Grace Period

by Team Lumida
3 days ago
Trump Announces 25% Tariffs on Mexico and Canada, Targeting Border Security and Trade

Key Takeaways: Powered by lumidawealth.com Tariff Threat: President Trump has threatened a 200% tariff on imported pharmaceuticals, aiming to incentivize domestic manufacturing. Market Reaction: Despite the high tariff rate,...

Read more

China’s Exports Exceed Expectations in June, Boosting Economic Outlook

by Team Lumida
3 days ago
China’s Financial Overhaul: Xi’s Strategy to Rebalance $9.1 Trillion Debt Crisis

Key Takeaways: Powered by lumidawealth.com Strong Export Growth: China’s outbound shipments in June rose 5.8% year-over-year, surpassing economists’ projections of 4.0% growth and accelerating from May’s 4.8% increase. Import...

Read more

Brazil Rejects Trump’s Tariff Demands, Vows Reciprocity Amid Bolsonaro Trial Dispute

by Team Lumida
7 days ago
Brazil Rejects Trump’s Tariff Demands, Vows Reciprocity Amid Bolsonaro Trial Dispute

Key Takeaways: Powered by lumidawealth.com Sovereignty Asserted: Brazilian President Luiz Inácio Lula da Silva declared that Brazil is a sovereign nation and will not accept orders from anyone, vowing...

Read more

Trump Imposes 50% Tariff on Brazil, Citing Bolsonaro Trial and Tech Firm Disputes

by Team Lumida
7 days ago
Trump Imposes 50% Tariff on Brazil, Citing Bolsonaro Trial and Tech Firm Disputes

Key Takeaways: Powered by lumidawealth.com Tariff Imposition: President Trump announced a 50% tariff on Brazilian goods starting August 1, the highest rate yet in his recent tariff announcements. Political...

Read more

Trump Delays Reciprocal Tariffs to August 1, Citing Progress in Trade Negotiations

by Team Lumida
1 week ago
Trump Delays Reciprocal Tariffs to August 1, Citing Progress in Trade Negotiations

Key Takeaways: Powered by lumidawealth.com Tariff Delay: President Trump postponed the implementation of reciprocal tariffs to August 1, following advice from Treasury Secretary Scott Bessent, who argued that more...

Read more
Next Post
China’s Financial Overhaul: Xi’s Strategy to Rebalance $9.1 Trillion Debt Crisis

China’s Services Activity Falls to 9-Month Low Amid Weak Consumer Demand

US Lifts Chip Design Software Restrictions on China as Part of Trade Deal

US Lifts Chip Design Software Restrictions on China as Part of Trade Deal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

person wearing white Nike running shoes standing on black concrete path

How Nike Lost Its Grip on the Running World: The Rise of Competitors

June 28, 2024
man with Uber eats backpack

Taiwan Blocks Uber’s $950M Foodpanda Acquisition on Competition Concerns

December 26, 2024
a white square with a blue logo on it

Mark Zuckerberg Envisions a Future Where AI Friends Outnumber Human Companions

May 7, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018