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Trump Tax Bill Stalls in the House | Balance of Power
Posted
July 2, 2025
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July 2, 2025
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Donald Trump’s signature economic legislation stalled in the House Wednesday afternoon as the president worked to win over Republican fiscal conservatives angry over the $3.4 trillion cost of his massive tax and spending package.
Republican congressional leaders delayed a key procedural vote for hours while the hardliners met in a room just off the House floor to refine their demands and then meet with the Trump’s budget director, Russ Vought.
Vought told reporters the two sides were “making good progress” as he left the session late in the afternoon. Earlier in the day, Trump summoned the conservative holdouts to the White House to meet with them in person.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Republican Congressman Greg Murphy of North Carolina.
Bloomberg Politics Contributor Rick Davis and Obama 2012 Campaign Manager Jim Messina.
Bloomberg Washington Correspondent Tyler Kendall.
Democratic Congresswoman Suzan DelBene of Washington.
Republican Congressman Jim Jordan of Ohio.
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Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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