Katie BaileyAfter a 27 hour vote-a-rama into the morning of July 1, the Senate officially passed H.R. 1, President Trump’s One Big, Beautiful Bill, without any mention of the federal income tax exemption of credit unions. Senators Rand Paul (R-KY), Thom Tillis (R-NC), and Susan Collins (R-ME) joined all 47 Democrats in voting no, leaving Vice President JD Vance to break the tie. The Senate changed the House-passed version to increase Medicaid cuts, double the rural hospital fund, remove an excise tax on wind and solar projects, and drop the ban on gender affirming care in Medicaid.
The bill was then sent back to the House to approve the Senate changes where Speaker Johnson began working once again to corral Republican support. Two of the most debated Senate changes included SALT pass-throughs and extensions and cuts to Medicaid. The House, including Trump’s legislative team, worked all night and morning long to clear procedural hurdles before teeing the bill up for a final vote this morning around 8:00 AM EST.
As House members continue to debate the Senate-passed version, The League is remaining engaged with our delegation every step of the way to guarantee the credit union tax status remain untouched. Thank you for your time, attention, and outreach throughout this long process.
The White House has scheduled a ceremonial signing of the bill for tomorrow morning.
