Bloomberg News Now June 28, 2025: Trump Tax Bill Clears Key Senate Vote, G7 Side-by-Side Deal, More
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Jun 29, 2025 The Senate has approved a significant tax and spending cut bill championed by President Trump, sparking debate over its implications. Meanwhile, a potential agreement with G7 nations hints at changes to U.S. tax policies, raising questions about international cooperation. The discussion also briefly touches on the intersection of politics and sports, highlighting how these issues resonate beyond just economics.
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Trump's Tax Bill Senate Victory
- President Trump's tax and spending cut bill cleared a crucial Senate vote after late-night negotiations.
- Republicans quickly pushed the measure to the president, despite Democratic objections for a full reading.
G7 Side-by-Side Tax Deal
- The U.S. and G7 nations created a side-by-side system exempting U.S. companies from parts of a global tax deal.
- This deal aims to prevent a global tax war by supporting U.S. positions in upcoming international negotiations.
Melissa Hortman's Tragic Assassination
- Former Minnesota House Speaker Melissa Hortman was honored posthumously with Joe Biden and Kamala Harris attending.
- Hortman was tragically assassinated two weeks before the funeral, highlighting rising political violence.