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Rep. Castor: Democrats Did Not Do Enough to Stop Trump Tax and Spending Bill
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July 7, 2025
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9:30Now PlayingPresident Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug. 1. Trump also announced 25% rates on Malaysia and Kazakhstan, while South Africa would see a 30% tariff and Laos and Myanmar would face a 40% levy. The nations were the first in what the president promised would be a flurry of unilateral warnings and trade deals announced on Monday, two days before agreements are due from trading partners facing his April 2 so-called reciprocal levies. The announcements come after Congress approved Trump’s budget megabill on Thursday, it set the capstone on five furious months back in the White House. Trump’s self-titled “One Big Beautiful Bill,” the centerpiece of his second-term agenda, extends tax breaks from his earlier presidency that were set to expire. It delivers on key campaign pledges too, such as no taxes on tips and overtime, and allocates upwards of $150 billion for Trump’s crackdown on immigration — including his long-coveted border wall. To help offset the impact on the federal deficit, Republicans included major spending cuts in the bill, too. The centerpiece of the cost savings is a cut of nearly $1 trillion over ten years to Medicaid, the public health insurance program for low-income and disabled people. This is expected to result in 11.8 million Americans losing their health insurance over that period, according to an analysis by the nonpartisan Congressional Budget Office that didn’t include last-minute adjustments to the bill. Rep. Kathy Castor, member of the House Commerce Committee, reacted to the latest tariff missives and said the Democratic leadership could have done more to prevent the tax bill from passing.
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