U.S. Democratic Party :The Republican-led U.S. House moved forward with President Donald Trump’s large tax and spending bill on Thursday, after a dramatic night of voting that was almost blocked by some Republicans voting against it.
The bill passed with a narrow 219–213 vote.
This step toward a final debate is seen as a win for Republican leaders who are working to pass Trump’s policy plans for his second term.
U.S. stock futures barely moved after the news. As of 3:52 a.m. ET, S&P 500 futures were up 0.16%, Nasdaq 100 futures rose 0.25%, and Dow Jones futures increased by 0.12%.
enough support from their slim majority and quiet the opposition within their own party to move the bill forward.
The vote to start debate in the divided House was filled with drama, including last-minute deals, shifting alliances, and ongoing negotiations. In the end, House Speaker Mike Johnson managed to push the bill ahead, losing only a few members in a mostly party-line vote.
“It’s been a long but productive day,” Johnson told reporters on Wednesday night, before the key vote. “We’ve talked with members from all sides, listened to their concerns, and answered their questions. We feel good about where we are and are ready to move forward.”
U.S. Democratic Party :Trump criticized members of his own party overnight, writing on his Truth Social platform: “FOR REPUBLICANS, THIS SHOULD BE AN EASY YES VOTE. RIDICULOUS!!!”
Democrats are firmly against the bill, arguing that it cuts welfare programs and mainly benefits the very wealthy. Republicans, in turn, have accused Democrats of trying to scare the public.
“This dangerous bill gives the richest 1% an extra $300,000 a year,” said Democratic Representative Gabe Amo of Rhode Island during the debate. “Billionaires win, and 17 million Americans lose their health insurance.”
The final vote is expected around 5:30 a.m. ET, according to Reuters.
Here’s a simplified version of that passage:
Procedure
U.S. Democratic Party: After the debate, the House will vote on the final version of the bill, which extends the 2017 tax cuts, increases funding for border security, and makes major cuts to health insurance and food assistance programs for low-income Americans.
Once the House passes the bill again, it will go to President Trump, who has been eager to sign it into law.
The House received the updated version from the Senate late Tuesday. It narrowly passed there, with Vice President JD Vance casting the tie-breaking vote.
The Senate made big changes to the bill, including deeper cuts to Medicaid and raising the debt ceiling by $5 trillion—higher than the $4 trillion increase in the House’s original version.
These changes caused concern among many House Republicans, but party leaders decided not to revise the bill further to avoid delays.
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