Bloomberg Talks Arkansas Congressman French Hill (R) Talks Tax Bill Latest
Jul 2, 2025
Arkansas Congressman French Hill is the chair of the House Financial Services Committee and shares insights on the stalled tax bill linked to President Trump's legislation. He discusses the complex negotiations between the Senate and House, stressing the urgency for bipartisan collaboration. Hill sheds light on the challenges faced in aligning legislative goals and the potential impact of executive orders. He also touches on crucial upcoming discussions regarding cryptocurrency regulations, stablecoin legislation, and oversight of the Federal Reserve.
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Optimism on Tax Bill Passage
- President Trump and Speaker Johnson worked to resolve differences between the House and Senate tax bills.
- Optimism exists that the House will vote to pass the tax bill before the Fourth of July recess.
Senate Rules Shape Bill Changes
- Senate changes to the tax bill reflect parliamentary rules affecting spending cuts.
- The House Freedom Caucus cannot influence these Senate procedural constraints.
Future Reconciliation Opportunities
- Budget reconciliation can be leveraged again after October 1 for new fiscal priorities.
- Future reconciliation efforts may include tax adjustments and defense spending goals.