Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Schumer forces name change for ‘big, beautiful bill’ moments before it passes

by July 1, 2025
July 1, 2025
Schumer forces name change for ‘big, beautiful bill’ moments before it passes

Senate Minority Leader Chuck Schumer, D-N.Y., forced a name change for President Donald Trump’s ‘big, beautiful bill’ moments before the legislative package passed the upper chamber of Congress. 

While Sen. Pete Ricketts, R-Neb., was chairing the Senate, Schumer raised a point of order against lines three to five on the first page of the legislative proposal that said, ‘SHORT TITLE. This Act may be cited as the ‘’One Big Beautiful Bill Act.” 

Schumer argued the title of the bill violated Section 313 B1A of the Congressional Budget Act of 1974, or what’s commonly referred to as the ‘Byrd Rule.’ 

Ricketts said the point of order was sustained, meaning that text will be stricken from the bill. 

‘This is not a ‘big, beautiful bill’ at all. That’s why I moved down the floor to strike the title. It is now called ‘the act.’ That’s what it’s called. But it is really the ‘big ugly betrayal,’ and the American people know it,’ Schumer told reporters. ‘This vote will haunt our Republican colleagues for years to come. Because of this bill, tens of millions will lose health insurance. Millions of jobs will disappear. People will get sick and die, kids will go hungry and the debt will explode to levels we have never seen.

‘This bill is so irredeemable that one Republican literally chose to retire rather than vote yes and decimate his own state,’ Schumer added, referring to Sen. Thom Tills, R-N.C.

Asked whether he hoped to irritate Trump by changing the name of the bill, Schumer responded, ‘I didn’t even think of President Trump. I thought of the truth. This is not a beautiful bill. Anyone who loses their health insurance doesn’t think it’s beautiful. Any worker in the clean energy industry who loses their job does not think it’s beautiful. Any mom who can’t feed her kid on $5 a day doesn’t think it’s beautiful. We wanted the American people to know the truth.’

The Senate narrowly passed Trump’s $3.3 trillion spending package by a 51-50 vote on Tuesday after an all-night voting session. 

Vice President JD Vance was the tiebreaking vote. No Senate Democrats crossed the aisle to support the legislation. Tillis and Republican senators Rand Paul of Kentucky and Susan Collins of Maine opposed the megabill. 

Democrats condemned the bill’s passage, including Schumer’s fellow New Yorker, Rep. Alexandria Ocasio-Cortez, D-N.Y. She has not confirmed a primary run. 

‘JD Vance was the deciding vote to cut Medicaid across the country,’ the progressive ‘Squad’ member wrote on X. ‘An absolute and utter betrayal of working families.’ 

Vance championed the bill as securing ‘massive tax cuts, especially no tax on tips and overtime. And most importantly, big money for border security.’ 

‘This is a big win for the American people,’ the vice president wrote. 

He also approved an assessment by longtime GOP operative Roger Stone.

‘The nonpartisan Congressional Budget Office projects Trump’s reconciliation bill would add $3.3 trillion to the national debt over the next decade by extending the president’s tax cuts that he first implemented in 2017. In fact, federal revenues spiked after the 2017 Trump tax cuts just like they did after Reagan and JFK implemented across-the-board tax cuts,’ Stone wrote.

‘The deficit is caused by excess spending which the administration is addressing in a series of recision bills. PS the CBO is always wrong.’ 

Despite initial reservations, Sen. Lisa Murkowski, R-Alaska, voted in favor of the legislation after Republicans added Alaska-specific provisions to curry her favor. 

The bill now heads back to the House for final approval. Congress must reconcile differences between the Senate and House versions of the bill, namely on Medicaid. Republican leaders are aiming to get it to the president’s desk by Friday, July 4.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January
next post
S&P 500 Earnings for 2025 Q1 — Still Overvalued

You may also like

Revealed: The extensive perks UN officials receive amid...

June 29, 2025

DAVID MARCUS: De facto President Trump’s handling of...

December 21, 2024

Biden, Harris advisers irked by Newsom’s plan to...

August 28, 2023

House Republicans privately worry about Democrats replacing Biden:...

July 1, 2024

Trump touts ‘very positive’ breakthrough with Xi after...

June 5, 2025

McConnell’s Approval Sinks To New Low In New...

November 15, 2022

Trump nominated for Nobel Peace Prize over Iran-Israel...

June 24, 2025

Dem support likely to push Trump’s pro-union labor...

February 27, 2025

Tom Cotton slams ‘partisans and obstructionists’ in DOD...

November 26, 2024

Speaker Johnson’s office exodus: 4 top aides unveil...

May 22, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

      July 2, 2025
    • MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

      July 2, 2025
    • Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

      July 2, 2025
    • Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

      July 1, 2025
    • Elon Musk claims of ‘pork’ in bill not even possible, Budget chair says

      July 1, 2025
    • Top 10 July 2025 Stock Picks You Shouldn’t Miss

      July 1, 2025

    Categories

    • Business (8,354)
    • Investing (2,093)
    • Politics (15,910)
    • Stocks (3,183)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved