The Senate Parliamentarian struck down one of Senator Thom Tillis’s proposals in the Big Beautiful Bill after he announced he will not be seeking reelection.
“The Senate parliamentarian ruled a new tax on the litigation finance industry in GOP’s reconciliation bill does not comply w/ Byrd Rule, per 2 sources,” Punchbowl News reported.
New: The Senate parliamentarian ruled a new tax on the litigation finance industry in GOP's reconciliation bill does not comply w/ Byrd Rule, per 2 sources
It raised $1.5B. Priority of TILLIS, who is now a no
The Senate Parliamentarian advised lawmakers that a new tax on those who fund litigation for financial gain, included in the GOP’s “big, beautiful bill,” would not comply with strict Senate rules that govern what can be included in the legislation and still let it pass by a simple majority.
The provision would tax the financial rewards that third parties receive from funding litigation and would have taken 31.8 percent of “qualified litigation proceeds” in a given year.
The decision from Senate Parliamentarian Elizabeth MacDonough, first reported by POLITICO, suggests that Republicans will move to strip it from their legislative text. The issue has been championed by Sen. Thom Tillis (R-N.C.), who announced his retirement on Sunday after voting not to proceed with the megabill.
Tillis on Sunday announced he will not seek reelection after President Trump went scorched earth on him for voting against the ‘Big Beautiful Bill.’
On Saturday evening Tillis voted ‘no’ to advance President Trump’s ‘Big Beautiful Bill.’ He said he will also vote no on the final passage.
President Trump went off on Tillis and threatened to help oust him from office.
Tillis caved THE NIGHT Trump scorched him.
Senator Tillis called President Trump and Majority Leader Thune on Saturday night and informed them he wouldn’t be running for reelection.
Sen. Tillis says he told both Trump and Thune last night that he would be announcing he isn’t running for reelection
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