by Nicholas Ballasy
Opposition from some conservative GOP senators to the “Big Beautiful Bill Act” that passed the House could lead to significant changes to the legislation that might delay the budget reconciliation process.
Prior to House passage of the legislation, GOP leaders said the goal was to send the bill to President Trump by July 4.
Senators including Ron Johnson of Wisconsin, Rick Scott of Florida and Mike Lee of Utah – all Republicans – have voiced opposition to the House-passed bill in its current form.
The bill contains an extension of the 2017 Trump tax cuts as well as new tax benefits, such as eliminating tax on tips and overtime pay. It would also raise the standard deduction for seniors and allow taxpayers to deduct up to $10,000 of interest on car loans.
Deficits m