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More GOP Than Dems Voted To Raise Taxes On Billionaires
Posted on: July 1, 2025 at 16:40:29 CT
Spanky KU
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Oooops for the Dem narrative
https://www.msn.com/en-us/news/politics/more-republicans-than-democrats-vote-to-raise-taxes-on-billionaires-in-late-night-senate-vote/ar-AA1HKFGr?ocid=hpmsn&cvid=ce133c9dfeb942f39dd6a97253d243f9&ei=117
Eighteen Senate Republicans backed an amendment overnight Tuesday that would have let President Donald Trump’s 2017 tax cuts expire for the highest-earning Americans.
The measure, sponsored by Republican Maine Sen. Susan Collins, sought to raise taxes on individuals making more $25 million per year or couples who report more than $50 million of combined income. Though seventeen of Collins’ Republican colleagues joined her in voting “yes,” the Senate easily rejected the amendment to Trump’s “big, beautiful” bill during a vote of 22 to 78.
Collins’ amendment would have let the top rate revert back to the pre-2017 rate of 39.6%, up from the current 37% rate. The revenue would have gone toward doubling the size of a rural hospital fund, which Senate Republicans have currently provided $25 billion for within the president’s tax and immigration bill.
Just four Senate Democrats, including Georgia Sen. Jon Ossoff, voted for the measure. Most Democrats opposed Collins’ amendment, arguing the boost to the rural hospital fund was not enough to address alleged Medicaid financing issues that would be created by passing Republican’s budget bill into law.
https://www.msn.com/en-us/news/politics/more-republicans-than-democrats-vote-to-raise-taxes-on-billionaires-in-late-night-senate-vote/ar-AA1HKFGr?ocid=hpmsn&cvid=ce133c9dfeb942f39dd6a97253d243f9&ei=117
Eighteen Senate Republicans backed an amendment overnight Tuesday that would have let President Donald Trump’s 2017 tax cuts expire for the highest-earning Americans.
The measure, sponsored by Republican Maine Sen. Susan Collins, sought to raise taxes on individuals making more $25 million per year or couples who report more than $50 million of combined income. Though seventeen of Collins’ Republican colleagues joined her in voting “yes,” the Senate easily rejected the amendment to Trump’s “big, beautiful” bill during a vote of 22 to 78.
Collins’ amendment would have let the top rate revert back to the pre-2017 rate of 39.6%, up from the current 37% rate. The revenue would have gone toward doubling the size of a rural hospital fund, which Senate Republicans have currently provided $25 billion for within the president’s tax and immigration bill.
Just four Senate Democrats, including Georgia Sen. Jon Ossoff, voted for the measure. Most Democrats opposed Collins’ amendment, arguing the boost to the rural hospital fund was not enough to address alleged Medicaid financing issues that would be created by passing Republican’s budget bill into law.
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More GOP Than Dems Voted To Raise Taxes On Billionaires - Spanky KU - 7/1 16:40:29