• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

House Advances Trump’s Major Tax-Spending Bill Following Procedural Vote

user avatar

by Giorgi Kostiuk

8 hours ago


The U.S. House of Representatives has passed a procedural vote to advance former President Donald Trump’s tax and spending bill.

Path to Final Vote

The bill was approved in a narrow 220-212 vote. The vote fell strictly along party lines, demonstrating the Republicans’ use of their slim majority to push the initiative forward. This procedural victory gives GOP leadership a short timeframe to consolidate support and move toward final voting before the self-imposed July 4 deadline.

Contents of the Bill

Trump’s bill represents a bold and controversial package that blends several major policy goals:

* Tax Cuts: Extension of Trump-era tax breaks for individuals and corporations. * Spending Cuts: Deep cuts to programs such as Medicaid, food assistance, and education grants. * Defense and Border Security: Increased military spending and significant funding for border infrastructure.

Supporters argue the bill will revive America’s economic edge and enforce fiscal responsibility. Critics warn it could inflate the national debt by over $3 trillion and harm vulnerable communities.

Future Voting Stages

Despite passing this stage, the road to approving the bill won't be easy. Some conservative Republicans are pushing for deeper spending cuts, while moderates are concerned about the political backlash from slashing public services.

If the bill passes the House, it must return to the Senate for reconciliation. The Senate previously approved an earlier version with a minimal margin of 51-50, with Vice President J.D. Vance casting the tie-breaking vote.

The coming days will be decisive for the bill's fate, as lawmakers must debate the full text, propose amendments, and prepare for a final vote that could reshape the U.S. fiscal landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Cardano ADA: Price, Predictions, and Current Trends for July 2025

chest

Analyzing the price drop of Cardano in June 2025. Insight into the current situation and future forecasts.

user avatarGiorgi Kostiuk

Impact of Solana Staking ETF on Cryptocurrency Growth and Price

chest

Solana Staking ETF SSK debuted with $33M in volume and $12M in inflows, driving Solana's price above $153.

user avatarGiorgi Kostiuk

Cross-Chain Bridges in 2025: Connecting the Web3 Ecosystem

chest

Cross-chain bridges become key to blockchain interoperability in 2025, linking the DeFi and NFT ecosystems.

user avatarGiorgi Kostiuk

Grayscale Delay: SEC Creates Uncertainty in ETF Trading Plans

chest

SEC unexpectedly pauses Grayscale's application to convert Digital Large Cap Fund into ETF, raising concerns in the crypto industry.

user avatarGiorgi Kostiuk

Bitcoin May Hit $111,000 Triggering Over $1.2 Billion Liquidations

chest

Bitcoin is nearing $111,000, potentially triggering $1.258 billion in short liquidations across centralized exchanges.

user avatarGiorgi Kostiuk

Bitstamp by Robinhood Obtains License from Singapore Financial Authorities

chest

Bitstamp by Robinhood has received a major payment institution license in Singapore, allowing the company to expand its services in the Asia-Pacific region.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.