🚨JUST IN: Senate Republicans have released the updated draft of the One Big Beautiful Bill — Trump’s 1,000-page megabill — with just DAYS left before the July 4 deadline.
Here’s what changed, what got cut, and why this is the linchpin of Trump’s second-term agenda
🧵
2/ The bill is designed to pass via budget reconciliation — which means no filibuster, just 51 votes needed.
But Senate parliamentarian Elizabeth MacDonough ruled several provisions out of bounds, triggering an urgent rewrite to keep Trump’s legislative agenda on track.
3/ 🧾 KEY CHANGES:
✅ SALT cap raised to $40K through 2029 (phasing out after $500K income)
✅ $25K tip tax exemption (House wanted no cap)
✅ EV tax credits END
✅ Auto loan interest now tax-deductible (up to $10K for U.S.-built cars)
4/ 🔋 ENERGY:
The Senate bill:
• Accelerates end of clean energy tax credits
• Kills hydrogen subsidies by 2028
• Blocks new EV incentives
• Eliminates fines for not meeting Biden’s “fuel economy” edicts
Senate Republicans included full repeal of the $200 tax stamp on:
• Suppressors
• Short-barrel rifles
This is the biggest rollback of gun-related taxation in decades — and it passed the Byrd Rule test.
6/ 🏥 RURAL HEALTH & MEDICAID:
Rural hospitals get $25B
Medicaid “provider tax” loophole phased out from 6% → 3.5% by 2032
BUT the parliamentarian stripped out the bans on Medicare for illegals, & taxpayer-funded gender surgeries.
7/ ⚠️ HIGH-STAKES VOTE:
Sen. John Kennedy (R-LA): “We vote Saturday. If you don’t like it, fill out a hurt feelings report.”
GOP needs near-perfect unity to pass this with their razor-thin Senate majority.
Deadline: July 4. Debt ceiling breach: August.
8/ 🚫 FILIBUSTER RULES:
The Byrd Rule blocked:
• State enforcement of immigration law
• Federal workforce cuts
• Repeal of Biden green slush funds
• Fed employee pay caps
Some want to overrule the parliamentarian. Thune says no. For now.
9/ ⚖️ HOUSE vs. SENATE:
Both chambers MUST pass identical text.
Options:
• Senate passes House version (unlikely)
• House accepts Senate version (possible)
• Conference committee (likely)
Speaker Johnson says they’ll stay in D.C. until this is on Trump’s desk.
10/ 🇺🇸 WHY IT MATTERS:
This isn’t just a budget bill. It’s the foundation for:
• Tax reform
• Border enforcement
• Energy independence
• Federal agency cuts
• Trump’s second-term strategy
The next week will determine whether it succeeds — or stalls.
11/ 🔥 GOP UNITY IS THE BALLGAME:
This bill rises or falls on Republican solidarity.
Will moderates cave on Medicaid cuts?
Will conservatives hold the line on SALT and spending?
Or will McConnell’s old sabotage games return?
12/ 📅 TIMELINE:
✅ June 27: Senate releases revised text
🗳️ June 29 (Sat): Tentative Senate floor vote
🎆 July 4: GOP target for full passage
🧾 August: Debt ceiling crisis if bill fails
The clock is ticking.
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🚨 BREAKING: President Trump has canceled his upcoming meeting with Xi Jinping and announced 100% tariffs on Chinese goods starting Nov. 1.
His reason? Beijing just imposed global export controls on rare earths — the materials that power the modern world. 🧵👇
2/ China controls 92% of rare earth refining — metals essential for EVs, semiconductors, fighter jets, & submarines.
Beijing is weaponizing that — sending letters to nations warning it’ll restrict exports on “virtually anything.”
Trump called it “sinister and hostile.” ⚠️
3/ “They’re holding the world captive,” Trump said.
But he’s striking back:
💥 100% tariffs on all Chinese imports starting Nov. 1
💥 New U.S. countermeasures against Chinese trade blackmail
💥 Full economic response to defend U.S. supply chains & sovereignty 🇺🇸
🇮🇱🇺🇸 BREAKING: Celebrations erupt across Israel and Gaza.
Trump’s 20-point peace plan has reached its first major breakthrough: agreement for Hamas to release all Israeli hostages in exchange for Palestinian prisoners — with a ceasefire to follow.
History is happening. 🧵👇
2/ After talks in Egypt, both sides agreed to the first phase.
📦 All 48 remaining Israeli hostages will be freed within days.
💥 Hundreds of Palestinian prisoners will be released.
🕊️ A formal ceasefire follows Israel’s ratification tomorrow.
Families are calling Trump a peacemaker.
3/ One hostage’s wife wrote on X:
“My heart is overflowing with gratitude... Thank you, President Trump.”
At Tel Aviv’s Hostages Square, Israelis chanted “Thank you Trump! Thank you Netanyahu!”
That's EIGHT peace deals in eight months for Donald Trump.
New York AG Letitia James — who spent years failing to destroy Donald Trump for mortgage fraud — has now been indicted by a federal grand jury for...mortgage fraud.
The same woman who weaponized the law now faces justice herself. 🧵👇
2/ The indictment stems from an investigation into fraudulent mortgage filings.
James falsely claimed her Norfolk, Virginia home was her primary residence — to score a lower interest rate on a government-backed loan.
She allegedly lied on bank documents and property records.
3/ Federal Housing Finance Agency chief Bill Pulte first blew the whistle, alleging James may have also misrepresented a Brooklyn property to qualify for federal assistance.
He wrote:
“Letitia James falsified documents to obtain favorable terms and government-backed loans.”