Treasury Secretary Scott Bessent set a new deadline for Republicans’ sweeping domestic policy bill Monday: July 4. “We’ve got three legs to the President’s economic agenda, trade, tax and deregulation, and we hope that we can have this tax portion done by Fourth of July,” Bessent told reporters at the Capitol after a meeting with congressional leaders and top tax writers.

Treasury Secretary Scott Bessent said Monday that July 4 is the new deadline for lawmakers to pass President Trump’s ambitious tax agenda. Bessent and Kevin Hassett, the director of the National Economic Council, met on Capitol Hill Monday with Speaker Mike Johnson (R-La.), Senate Majority Leader John Thune (R-S.D.) and top tax writers. Congress returned to Washington on Monday to kick off a key stretch to get the package, which includes broad swaths of Trump’s agenda, passed. Republicans aim to pass it with only GOP votes but must first work out significant disagreements. Bessent on Monday hailed the unity among all factions before laying out the new target date.

The Trump administration has set a new target date of July 4 for Congress to pass a sweeping package of tax cuts, spending reforms, and immigration changes, Treasury Secretary Scott Bessent announced Monday, according to The Hill. Bessent and National Economic Council Director Kevin Hassett met with top Republican leaders, including House Speaker Mike Johnson, R-La., and Senate Majority Leader John Thune, R-S.D., as lawmakers returned to Washington to begin negotiations. "The House is moving things along quickly, and the Senate is in lockstep. We think that they are in substantial agreement," Bessent said. "We hope we can have this tax portion done by the Fourth of July."