• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, August 22, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in USA

Trump’s Big Tax Breaks Bill Blocked

Comfort Ampomaaby Comfort Ampomaa
May 16, 2025
Reading Time: 4 mins read
Add as Preferred on Google
Trump’s Big Tax Breaks Bill Blocked

The U.S. Capitol Building.

In a massive setback, House Republicans have failed to push their big package of tax breaks and spending cuts through the Budget Committee.

This came as a handful of conservatives joined all Democrats in a stunning vote against it.

The hard-right lawmakers are insisting on steeper spending cuts to Medicaid and the Biden-era green energy tax breaks, among other changes, before they will give their support to President Donald Trump’s “beautiful” bill.

They warn the tax cuts alone would pile onto the nation’s $36 trillion debt.

ADVERTISEMENT

The failed vote, 16-21, stalls, for now, House Speaker Mike Johnson’s push to have the package approved next week. But the holdout lawmakers vowed to stay all weekend to negotiate changes as the Republican president is returning to Washington from the Middle East.

U.S. House Speaker, Mike Johnson as Trump’s Big Tax Breaks Bill Blocked
U.S. House Speaker, Mike Johnson.

Four Republican conservatives initially voted against the package — Roy and Reps. Ralph Norman of South Carolina, Josh Brecheen of Oklahoma, Rep. Andrew Clyde of Georgia. Then one, Rep. Lloyd Smucker of Pennsylvania, switched his vote to no.

Tallying a whopping 1,116 pages, the One Big Beautiful Bill Act, named with a nod to Trump, is teetering at a critical moment.

The conservatives are holding out for steeper cuts while GOP lawmakers from high-tax states including New York are demanding a deeper tax deduction, known as SALT, for their constituents.

At its core, the sprawling package extends the existing income tax cuts that were approved during Trump’s first term, in 2017, and adds new ones that the President campaigned on in 2024, including no taxes on tips, overtime pay and some auto loans.

ADVERTISEMENT

It increases some tax breaks for middle-income earners, including a bolstered standard deduction of $32,000 for joint filers and a temporary $500 boost to the child tax credit, bringing it to $2,500.

It also provides an infusion of $350 billion for Trump’s deportation agenda and to bolster the Pentagon.

To offset more than $5 million in lost revenue, the package proposes rolling back other tax breaks, namely the green energy tax credits approved as part of President Joe Biden’s Inflation Reduction Act. Some conservatives want those to end immediately.

ADVERTISEMENT

The package also seeks to cover the costs by slashing more than $1 trillion from health care and food assistance programs over the course of a decade, in part by imposing work requirements on able-bodied adults.

Ahead of Friday’s vote, Trump had in social media post, implored his party to fall in line.

“Republicans MUST UNITE behind, ‘THE ONE, BIG BEAUTIFUL BILL!’ We don’t need ‘GRANDSTANDERS’ in the Republican Party. STOP TALKING, AND GET IT DONE!”

Donald Trump

Big, Beautiful Betrayal

Democrats slammed the package as a “big, bad bill,” or as Rep. Pramila Jayapal called it, “one big, beautiful betrayal.”

They emphasized that millions of people would lose their health coverage and food stamps assistance if the bill passes while the wealthiest Americans would reap enormous tax cuts. They also said it would increase future deficits.

Brendan Boyle, the top Democratic lawmaker on the panel, “That is bad economics. It is unconscionable.”

The Budget panel is one of the final stops before the package is sent to the full House floor for a vote, which is expected as soon as next week.

Typically, the job of the Budget Committee is more administrative as it compiles the work of 11 committees that drew up various parts of the big bill.

But Friday’s meeting proved momentous even before the votes were tallied.

The conservatives, many from the Freedom Caucus, had been warning they would block the bill, using their leverage to demand further changes. Republicans hold a slim majority in the House and have just a few votes to spare to advance the measure.

READ ALSO: Chad Detains Opposition Leader Over Deadly Clashes

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: beautiful billBudget CommitteeDonald TrumpMike JohnsonTax cuts
Please login to join discussion
Previous Post

Umerov Calls Planned Prisoner Swap “Important Achievement”

Next Post

UK Immigration Proposal Unfair to Ghanaian Care Workers – MP

Related Posts

Trump Tax Bill To Widen Deficits By $2.8T After Factoring In Economic Impacts
USA

Trump Opens Door To Temporary Tariff-Free Beef Imports

August 21, 2026
shutterstock 2486799965 scaled e1740370844946
USA

US Approves Qatar Aircraft Sale

August 20, 2026
International Criminal Court as Hungary To Withdraw From ICC
USA

ICC Criticises US Sanctions On Court’s Top Officials

August 19, 2026
trump 1
USA

US Delays 50% Tariffs On Canadian Goods

August 19, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Mr Mark Prempeh, Director of Petroleum, Ministry of Energy and Green Transition

Government Pushes GNPC Toward A More Commercial Future

August 21, 2026
Photo from PIAC's 15th anniversary launch

GIZ Urges Ghana To Turn Petroleum Accountability Into Development

August 21, 2026
Kai Harvetz celebrate after scoring against Coventry City at the Emirates Stadium

Arsenal Begin PL Title Defence With Resounding Victory Over Coventry

August 21, 2026
From the left, Mr Patrick Stephenson, Country Director for Ghana, NRGI, the moderator, and the panelists for the engagement, from the left: Mr Michael Aryeetey, Deputy CEO, Exploration&Production, GNPC, Mr Benjamin Boakye, Executive Director, ACEP, Mr Agyemang, Technical Director, PIAC and Dr Steve Manteaw, Co-Chair of GHEITI

GNPC Faces Governance Test As Energy Transition Accelerates

August 21, 2026
From the left: Mr Michael Aryeetey, Deputy CEO, Exploration&Production, GNPC, Mr Mark Prempeh, Director of Petroleum, Ministry of Energy and Green Transition, Mr Kwame Ntow Amoah, CEO, GNPC, Nafi Quarshie, Africa Director, NRGI, Mr Benjamin Boakye, Executive Director, ACEP, Mr Abrokwah, GNPC and Mr Patrick Stephenson, Country Manager for Ghana, NRGI

NRGI, GNPC Convene Dialogue On Future Of Ghana’s National Oil Company

August 21, 2026
ADVERTISEMENT
Next Post
Hon. Davis Ansah Opoku, UK, ILR

UK Immigration Proposal Unfair to Ghanaian Care Workers - MP

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.