WSJ What’s News Senate Battle Looms Over Trump’s Megabill
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Jun 30, 2025 The Senate is gearing up for a vote on President Trump’s massive tax-and-spending bill, with lawmakers facing tough decisions on amendments. Meanwhile, the EU is considering U.S. arms purchases as it bolsters its defenses, raising questions about local spending. In other news, Canada’s move to eliminate a tech tax could signify warmer trade relations with Washington. Additionally, the podcast delves into Iran's complex alliances with China, Russia, and North Korea, exploring its military ambitions and the challenges it faces on the global stage.
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Senate Tax Megabill Trouble
- The Senate tax megabill narrowly advanced with 51 Republican votes but faces opposition from some GOP members like Rand Paul and Tom Tillis.
- A voterama today allows unlimited amendments, potentially shifting the bill significantly before a final vote.
Key Senators Shape Bill Outcome
- With a slim Republican Senate majority, a few key senators hold power to influence the tax bill's final form.
- Conservatives want deeper cuts; moderates worry about Medicaid and clean energy credits, showing complex intra-party dynamics.
EU Defense Spending and Vulnerability
- The EU's commitment to 5% defense spending may ease trade tensions by funneling money to U.S. arms makers.
- But reliance on U.S. arms creates vulnerability for Europe if the U.S. prioritizes its own conflicts.