Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Politics

GOP holdouts sound alarm on $36T debt crisis as Trump’s ‘big, beautiful bill’ passes House vote

by admin May 23, 2025
May 23, 2025
GOP holdouts sound alarm on $36T debt crisis as Trump’s ‘big, beautiful bill’ passes House vote

House Republicans passed President Donald Trump’s ‘one big, beautiful bill’ on Thursday morning, working through overnight committee meetings, last-minute huddles in the speaker’s office and even a last-minute assist from the president. 

But while House GOP leadership preached party unity as they passed The One Big Beautiful Bill Act by just one vote, two House Republican holdouts were unwavering in their concerns about the $36 trillion national debt crisis and ultimately voted ‘no.’ 

Reps. Thomas Massie, R-Ky., and Warren Davidson, R-Ohio, took their concerns to social media on Thursday, telling their constituents exactly why they bucked the Republican Party on Trump’s key legislative agenda. 

‘While I love many things in the bill, promising someone else will cut spending in the future does not cut spending. Deficits do matter and this bill grows them now. The only Congress we can control is the one we’re in. Consequently, I cannot support this big deficit plan. NO,’ Davidson said early this morning before the vote was final. 

Massie responded soon after, telling Davidson he agreed and ‘if we were serious, we’d be cutting spending now, instead of promising to cut spending years from now.’

‘I’d love to stand here and tell the American people, ‘We can cut your taxes and increase spending and everything is going to be just fine.’ But I can’t do that because I’m here to deliver a dose of reality. This bill dramatically increases deficits in the near-term, but promises our government will be fiscally responsible five years from now. Where have we heard that before?’ Massie said on the House floor. 

The Kentucky congressman, who regularly sports a national debt clock pin, presented a bleak reality for Trump’s ‘big, beautiful bill’ on Thursday as most Republican holdouts rallied behind the final manager’s amendment. ‘This bill is a debt bomb ticking,’ Massie said. 

When White House Press Secretary Karoline Leavitt was asked about Massie and Davidson voting against the bill, she said the president believes they should be primaried. 

‘I don’t think he likes to see grandstanders in Congress. What’s the alternative? I would ask those members of Congress. Did they want to see a tax hike? Did they want to see our country go bankrupt? That’s the alternative by them trying to vote ‘no.’ The president believes the Republican Party needs to be unified,’ Leavitt said. 

Massie, who has been campaigning on Trump calling him a grandstander, even fundraised on Leavitt’s comments, writing on X, ‘The big beautiful bill has issues. I chose to vote against it because it’s going to blow up our debt. For voting on principle, I now have the President AND his press Secretary campaigning against me from the White House podium. Can you help me by donating?’

Former Rep. Bob Good, R-Va., who served as Chair of the House Freedom Caucus, has spoken out against the country’s debt crisis amid House negotiations, piled on the national debt criticism on Thursday, writing, ‘The Big Ugly Truth is that the Big Ugly Bill will push the Big Ugly Debt over $60 trillion.’

Good found himself out of the job when he lost the Republican primary to now-Rep. John McGuire of Virginia last year. 

He was one of just a handful of House Republicans who endorsed Florida Gov. Ron DeSantis in the 2024 GOP presidential primaries, and then Trump threw his political might behind McGuire.

The One Big Beautiful Bill Act is a multi-trillion-dollar piece of legislation that advances Trump’s agenda on taxes, immigration, energy, defense and the national debt. 

While the bill seeks to make a dent in the national debt crisis by cutting roughly $1.5 trillion in government spending, the United States still has over $36 trillion in debt and has spent $1.05 trillion more than it has collected in fiscal year 2025, according to the Treasury Department.

‘I think the most essential truth in American politics is that nobody actually really cares about the national debt or deficit. It’s too abstract to saturate public sentiment,’ Fox News Digital columnist David Marcus said after the bill passed. 

Fox News Digital’s Elizabeth Elkind contributed to this report. 

This post appeared first on FOX NEWS

previous post
Blue Sky Uranium Schedules Start of Drill Program for Ivana Uranium-Vanadium Project
next post
White House decries ‘evil of antisemitism,’ vows justice after fatal shooting of Israeli embassy staffers

Related Posts

Trump’s ‘two sexes’ executive order comes on heels...

January 26, 2025

Axed government watchdog says Trump has right to...

March 8, 2025

Republicans look to stop China’s ‘backdoor’ tariff dodging...

May 23, 2025

Chip Roy follows Trump’s lead with bill to...

April 4, 2025

Netanyahu gifts Fetterman a silver-plated beeper after he...

March 20, 2025

Health experts prep Dem lawmakers on anti-vaccine arguments...

January 28, 2025

Israel delays Palestinian prisoner release after Hamas’ ‘humiliating’...

February 23, 2025

Trump’s most vulnerable nominees RFK Jr, Tulsi Gabbard...

January 27, 2025

Trump doesn’t plan to deport Prince Harry, saying...

February 10, 2025

Bush DOJ lawyer warns Trump admin against ‘terrible...

March 23, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 4

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 richpeopletrades.com | All Rights Reserved