• Home
  • Privacy Policy
  • Terms & Conditions
  • Thank you
Profit News Report
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
No Result
View All Result
Profit News Report
No Result
View All Result
Home Editor's Pick

House Republican calls for third Trump term over passage of ‘historic’ tax bill

by
July 3, 2025
in Editor's Pick
0
House Republican calls for third Trump term over passage of ‘historic’ tax bill
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A key House ally of President Donald Trump is calling for the Republican leader to be eligible for a third White House term over passage of his ‘big, beautiful bill.’

Rep. Andy Ogles, R-Tenn., also called for Trump to be added to Mount Rushmore in South Dakota alongside George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln.

‘I was at the White House with President Trump for several hours yesterday and spent countless hours whipping votes with Speaker Johnson for the One Big Beautiful Bill. This historic legislation will unleash our economy and usher in a new golden age for America,’ Ogles told Fox News Digital after the bill passed.

‘Thanks to President Trump, we’re finally reversing the damage caused by Big Government and Democrat cronies. Wins like this are exactly why he deserves serious consideration for a third term—AND why so many believe he belongs on Mt. Rushmore.’

Ogles had previously introduced a resolution to give Trump the ability to run for a third term as president.

He was also seen at the White House in the lead-up to the last step of Congress advancing Trump’s massive tax and immigration bill. Ogles was also present on the House floor during tense negotiations on the bill, speaking to both Republican holdouts and House leaders at times.

The legislation narrowly passed on Thursday afternoon after a marathon session in the House of Representatives that began with a House Rules Committee meeting to advance it at 1:30 p.m. ET Tuesday, which ended nearly 12 hours later on Wednesday morning.

House lawmakers then met to debate the bill at 9 a.m. on Wednesday, though those proceedings were delayed for hours as House GOP leaders – and Trump himself – worked to persuade critics behind closed doors.

The bill numbers more than 900 pages and advances Trump’s agenda on taxes, the border, defense, energy, and the national debt.

The bill would permanently extend the income tax brackets lowered by Trump’s 2017 Tax Cuts and Jobs Act (TCJA), while temporarily adding new tax deductions to eliminate duties on tipped and overtime wages up to certain caps. It also includes a new tax deduction for people aged 65 and over.

The legislation also rolls back green energy tax credits implemented under former President Joe Biden’s Inflation Reduction Act, which Trump and his allies have attacked as ‘the Green New Scam.’

The bill would also surge money toward the national defense, and to Immigrations and Customs Enforcement (ICE) in the name of Trump’s crackdown on illegal immigrants in the U.S.

The bill would also raise the debt limit by $5 trillion in order to avoid a potentially economically devastating credit default sometime this summer, if the U.S. runs out of cash to pay its obligations.

New and expanded work requirements would be implemented for Medicaid and federal food assistance, respectively.

Democrats have blasted the bill as a tax giveaway to the wealthy while cutting federal benefits for working-class Americans.

But Republicans have said their tax provisions are targeted toward the working and middle classes – citing measures eliminating taxes on tipped and overtime wages – while arguing they were reforming federal welfare programs to work better for those who truly need them.

This post appeared first on FOX NEWS
Previous Post

Congress sending Trump’s ‘big, beautiful bill’ to his desk after dramatic all-night House vote

Next Post

2 lone Republicans vote against Trump’s ‘big, beautiful bill’ as it heads to president’s desk

Next Post
2 lone Republicans vote against Trump’s ‘big, beautiful bill’ as it heads to president’s desk

2 lone Republicans vote against Trump’s ‘big, beautiful bill’ as it heads to president’s desk

  • Trending
  • Comments
  • Latest
The dollar index continues to pull back to a new low

The dollar index continues to pull back to a new low

March 20, 2025
A look back at Biden’s Remarkable 50-year career in politics

A look back at Biden’s Remarkable 50-year career in politics

March 20, 2025
BNGO Stock: BioNano Genomics Analysis and Forecast

BNGO Stock: BioNano Genomics Analysis and Forecast

March 20, 2025
Gold and Silver: Gold remains stable in the $2420 zone

Gold and Silver: Gold remains stable in the $2420 zone

March 20, 2025
Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

0
Nvidia Stock Tumbles on Earnings Anticipation and AI Rivalry

Nvidia Stock Tumbles on Earnings Anticipation and AI Rivalry

0
The dollar index continues to pull back to a new low

The dollar index continues to pull back to a new low

0
BNGO Stock: BioNano Genomics Analysis and Forecast

BNGO Stock: BioNano Genomics Analysis and Forecast

0
Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

July 4, 2025
Trump administration swarms SCOTUS with emergency requests and sees surprising success

Trump administration swarms SCOTUS with emergency requests and sees surprising success

July 4, 2025
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
Trump administration torpedoes SCOTUS with emergency requests and sees surprising success

Trump administration torpedoes SCOTUS with emergency requests and sees surprising success

July 3, 2025

Recent News

Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

July 4, 2025
Trump administration swarms SCOTUS with emergency requests and sees surprising success

Trump administration swarms SCOTUS with emergency requests and sees surprising success

July 4, 2025
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
Trump administration torpedoes SCOTUS with emergency requests and sees surprising success

Trump administration torpedoes SCOTUS with emergency requests and sees surprising success

July 3, 2025
  • Privacy Policy
  • Terms & Conditions
  • Privacy Policy
  • Terms & Conditions

Disclaimer: Profitnewsreport.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 Profitnewsreport.com

No Result
View All Result
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank you

Disclaimer: Profitnewsreport.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 Profitnewsreport.com