Trump Action Archive

Supporting reports

• Senate Republicans advanced omnibus budget reconciliation bill with revised provisions — Late Friday night, Senate Republicans released a revised omnibus budget reconciliation bill. The measure retains its core structure extending 2017 tax cuts for wealthy Americans and corporations permanently, funneling wealth from poorest Americans to the top 1%. The Senate used accounting methods to claim the bill costs $442 billion rather than the $4.2 trillion the Congressional Budget Office calculates. The bill allocates $45 billion additional for ICE detention, $14.4 billion for migrant removal, and $8 billion for ICE hiring. It cuts $930 billion from Medicaid and additional amounts from Medicare and the Affordable Care Act, with the CBO estimating 11.8 million Americans will become uninsured.
• Senate lacks Medicaid framework for reconciliation bill — The Senate does not yet have a Medicaid framework that satisfies Byrd Bath requirements, 51 Senate votes, and 218 House votes. The House announced it is leaving for the weekend rather than remaining to work on the reconciliation bill. Budget analyst Marc Goldwein cited new Joint Committee on Taxation data showing the Senate bill is shaping up to add $3.5 to $4.5 trillion to the national debt, significantly more than the House version.
• Senate aims to vote on budget bill by July 4 — The Senate plans to begin voting on its version of the budget reconciliation bill, aiming for passage by July 4, as requested by President Trump. The urgency is partly due to overspending by the Department of Homeland Security, which could lead to a funding crisis for Immigration and Customs Enforcement (ICE).

Supporting reports

• Senate Republicans insert fossil fuel tax exemption into reconciliation bill; Warren and Democrats demand disclosure from oil companies — Senate Republicans inserted a provision into their reconciliation mega-bill this month that would exempt fossil fuel companies from the corporate alternative minimum tax (CAMT) enacted by Biden in 2022, potentially allowing some companies to pay zero federal income tax. On Thursday, Senators Elizabeth Warren, Sheldon Whitehouse, Ron Wyden, and Chuck Schumer sent letters to ConocoPhillips and Ovintiv demanding disclosure of lobbying spending, campaign donations, and projected tax savings related to the exemption. The senators characterized the provision as a "$1.1bn tax loophole" that contradicts the original purpose of CAMT to prevent large corporations from avoiding taxes.

Supporting reports

• California legislature approves $750 million annual film and television production tax credit — The California legislature passed legislation on Friday, June 27, 2025, increasing annual tax incentives for film and television production from $330 million to $750 million. The measure is part of a broader tax bill expected to be signed by Governor Gavin Newsom. The expansion aims to reverse a years-long exodus of production to other states and countries offering more generous tax credits, and addresses California's loss of over 17,000 entertainment industry jobs since 2022.

Supporting reports

• U.S. trade deficit in goods surged to $96.6 billion in May — The U.S. trade deficit in goods reached $96.6 billion in May, up 11 percent from April and 6.5 percent above expectations. Exports declined 5.2 percent. Economist Peter Schiff noted that Trump's stated goal of reducing trade deficits while expanding markets for U.S. exports had "backfired" under the tariff policy.

Supporting reports

• Grubhub donated $25,000 to Republican Attorneys General Association — Grubhub, which committed to providing reimbursement of up to $4,000 per year for employees who had to travel out of state for healthcare access, donated $25,000 to the Republican Attorneys General Association on June 26, 2025. RAGA uses funds to support legal efforts restricting abortion access nationwide.

Supporting reports

• Senate Republicans bypass filibuster to pass Trump tax cut extension via budget reconciliation manipulation — Senate Republicans voted 53–47 on June 24 to approve Senate Budget Committee Chairman Lindsey Graham's decision to manipulate the Congressional Budget Office's budget baseline calculation, allowing Trump's 2017 individual tax cuts to be included in a budget reconciliation bill without triggering the filibuster. Graham directed the CBO to assume the tax cuts would continue indefinitely even if the megabill did not pass, a fictional baseline that violates standard budget reconciliation rules. The Senate Parliamentarian Elizabeth MacDonough was not consulted, and Republicans avoided her formal determination that the provision would increase the deficit beyond the 10-year window and thus be ineligible for reconciliation.

Supporting reports

• Trump's media company announced $400 million share buyback — On June 23, Trump's media company, which oversees Truth Social, announced it would buy back $400 million worth of its shares, a move the Washington Post reported is "typically used to boost a company's stock value."