Congress Out, Big Bill Next Step, EU Tariffs 

Last week, before heading home for the Memorial Day break, the House passed the President’s agenda in the Big, Beautiful Bill Act.  Yes, that’s the official name of the bill. To say the vote was razor thin is an understatement.  The final vote was 215Y to 214N.  Two Republicans voted No, one voted Present, and two failed to get to the floor to vote.  The Republicans also got a little breathing room when a long-time Democratic member died last week, creating a vacancy.   

The bill now heads to the Senate, where there is already a back-and-forth between fiscal conservatives and more moderate Republicans.  Speaker Johnson needs as few changes as possible if he is going to keep his one-vote majority intact.  The Speaker was hoping that the President would urge the Senate to hold the line, but he was disappointed when the President said the following. "I want the Senate and the senators to make the changes they want. It will go back to the House and we’ll see if we can get them. In some cases, those changes may be something I’d agree with, to be honest. […] I think they are going to have changes. Some will be minor, some will be fairly significant." 

Without getting too much into the weeds of parliamentary procedure, it is impo...
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