2025-07-01
14 分钟Senate Republicans forge ahead
as they try to pass President Trump's tax and spending mega bill by July 4th.
Republicans really do want to pass a bill.
They're ready to go, but they don't have the votes yet.
And there's a lot of complex policy in here and a lot of competing political interests.
Plus, the Trump administration finds that Harvard violated students' civil rights.
And the surprising reason why investing in stocks that pay dividends really does pay off.
It's Monday, June 30th.
I'm Alex Osola for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
Let's start with President Trump's big, beautiful bill.
Senate Republicans have charged forward with a marathon session to pass the bill as the party races to get the legislation to the president's desk by their self-imposed July 4th deadline.
One of their first moves,
a 53 to 47 party line procedural vote that declared that Republicans' extensions of expiring tax cuts have no effect on the federal budget.
This is a crucial part of their strategy to extend tax cuts permanently with a simple majority vote.
though Democrats and budget experts call it a gimmick.
The voting on amendments and procedural motions is expected to last many hours as the various GOP factions seek to push the bill in their favored direction on charged political issues like changes to Medicaid,
food assistance programs, and tax cuts.
The Journal's tax policy reporter Richard Rubin joins us now from the U.S.