2025 7-07 Matters of Democracy OBBB fallout, winners and losers.

Matters of Democracy podcast by THOMAS MARINO

Episode notes

The House approved the budget with a 218-214 vote, indicating a narrow margin. Two Republicans, Brian Fitzpatrick (PA) and Thomas Massie (KY), crossed the aisle to vote with Democrats. Freedom Caucus: Despite "big, bold words on the budget and the deficit," the Freedom Caucus "folded like a lawn chair," Speaker Mike Johnson (R-LA) is largely seen as having played a limited role in shaping the final legislation or bringing holdouts into line.

Multiple groups, including the Women's March, planned "at least 200 events" across the country on Independence Day, similar in scale to "No Kings Day." The protests focus on "freeing the United States from rule by and for billionaires" and correctly anticipated Trump signing the budget bill.

OBBB: Winners:

Multimillionaires & Wealthy Americans: "the ability to pass more wealth on to the ... 

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Keywords
congresseconomicspolitics