GOP Hardliners Stall Trump Tax Bill

President Donald Trump is meeting with a faction of conservative lawmakers at the White House who have threatened to sink his signature tax legislation over its $3.4 trillion price tag as lawmakers cast doubt on whether it can pass by July 4.

The president’s ambitious timeline to pass the bill is encountering considerable opposition as moderate and ultraconservative Republican lawmakers threaten to defy him and perhaps frustrate his domestic agenda. House lawmakers returned to Washington Wednesday to vote on the Senate version of the measure, which passed the upper chamber 51-50 on Tuesday with Vice President JD Vance’s tie-breaking vote.

House leaders plan to hold a procedural vote to advance the legislation on Wednesday, with the goal of sending it to the president by Friday for his signature. This comes as Bill Pulte, who leads the Federal Housing Finance Agency, called on Congress to investigate Federal Reserve Chair Jerome Powell, alleging that his recent testimony to the Senate about the central bank’s planned renovations to its headquarters was “deceptive.” Rep. French Hill (R-AR) says he expects the bill the pass before July 4.

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