Senate Passes Trump's $3.3T Tax and Spending Bill; Senate Bill Cuts Solar/Wind Tax Credits
Key Takeaways
- Senate passed Trump's $3.3T tax and spending bill, adding to deficit; 51-49 vote.
- Senate bill cuts solar/wind tax credits, adds new tax on future renewable projects after 2027.
- Federal appeals court to review Trump’s use of Alien Enemies Act in deportations.
- Chief Justice Roberts cautions against harsh rhetoric targeting judges amid rising tensions.
- Trump’s bill includes $1,000 investment accounts for children to promote saving.
Top Stories
Senate passes Trump's $3.3T tax and spending bill with narrow 51-49 vote
On June 28-30, 2025, the US Senate passed President Trump's tax and spending bill, adding $3.3 trillion to the deficit by 2034 with a 51-49 vote. The bill includes tax cuts, defense and border security funding, and social program cuts, central to current US political debates.
Senate bill cuts solar/wind tax credits, adds new tax on future renewable projects
In late June 2025, the Senate bill accelerated phase-out of solar and wind tax credits and imposed new taxes on projects after 2027. This move, criticized by industry and Elon Musk, impacts US clean energy policy amid political debates.
Federal appeals court to review Trump’s use of Alien Enemies Act in deportations
On June 30, 2025, a federal appeals court in New Orleans will consider Trump’s use of the 1798 Alien Enemies Act to deport Venezuelans, a case likely to reach the Supreme Court.
Chief Justice Roberts cautions against harsh rhetoric targeting judges amid tensions
In June 2025, Chief Justice John Roberts warned that hostile rhetoric against judges, including attacks linked to Trump, threatens judicial independence and public safety.
Trump’s bill includes $1,000 investment accounts for children to promote saving
In 2025, Trump introduced $1,000 investment accounts for children, allowing contributions up to $5,000 annually, aiming to democratize investing and support youth financial security.
Capitol Hill Buzz
Senator Tillis opposes GOP Medicaid cuts, announces no reelection bid
On June 28-30, 2025, Senator Thom Tillis opposed GOP Medicaid cuts in Trump's spending bill and announced he will not seek reelection. He warned the bill could remove healthcare from 663,000 North Carolinians, highlighting intra-party tensions.
Election Spotlight
NYC Democratic nominee Mamdani criticized by Trump over Israel, called communist
In June 2025, Zohran Mamdani won NYC Democratic mayoral nomination amid Jewish community concerns over his anti-Israel stance. Trump labeled him a communist and threatened to withhold federal funds if elected.
Global Stage
Trump denies Iran nuclear deal, cites obliterated sites after US strikes
Between June 27-29, 2025, Trump dismissed reports of an Iran nuclear deal, claiming US strikes obliterated Iranian nuclear sites. Iran's officials warned Israel and urged US caution, reflecting ongoing Middle East tensions.
Inside the Beltway
Trump praises Musk despite his harsh criticism of Trump’s spending bill
On June 30, 2025, Trump called Elon Musk a 'wonderful guy' despite Musk's criticism of the spending bill as destructive and deficit-increasing. The bill is expected to raise US debt by about $3.8 trillion over 10 years.
GOP sets precedents expanding Trump’s presidential powers amid political risks
In 2025, House and Senate Republicans established precedents expanding Trump’s powers, including controlling National Guards and influencing the Fed, raising concerns about future political consequences if Democrats regain power.
Legal Frontlines
Supreme Court backs Trump’s birthright citizenship policy, sparking legal challenges
On June 28-29, 2025, the Supreme Court upheld Trump’s birthright citizenship restrictions in 28 states, prompting legal challenges and political debate. Senator Mullin supported deporting children born to undocumented immigrants.
Money and Politics
Trump urges Fed to cut interest rates to 1-2%, attacks Powell and Democrats
On June 29, 2025, Trump criticized Fed Chair Powell for high rates, calling for 1-2% levels and threatening replacement. He also attacked Democrats and claimed no US inflation, reflecting political-economic tensions.
Trump’s 2025 policies cause unexpected market shifts and economic surprises
By mid-2025, Trump’s policies led to unexpected market outcomes, including sovereign bond swings and emerging market rallies, defying Wall Street’s initial assumptions about the US economy.
Policy Landscape
Louisiana healthcare leaders warn Medicaid cuts risk $4B funding loss and 16,000 jobs
On June 28, 2025, Louisiana healthcare leaders warned that Medicaid cuts in Trump’s bill could cause $4 billion funding loss, hospital closures, and 16,000 job losses, highlighting local impacts of federal policy.
Trump administration develops temporary visa system for critical migrant workers
In June 2025, the Trump administration proposed a temporary visa system allowing long-term migrant workers in key sectors to work legally under employer sponsorship, balancing immigration enforcement with economic needs.