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Trump’s $3.3T tax bill passes Senate, heads to House amid GOP pushback

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Top stories today:

  1. Trump’s $3.3T tax bill passes Senate, heads to House
  2. Sam Altman slams Meta’s AI talent poaching spree
  3. Figma files for IPO after $228M in revenue, $45M in net income in Q1
  4. Elon’s X to let AI chatbots write Community Notes
  5. Anthropic hits $4B run rate as Claude Code leaders exit for Cursor

0. Data and calendar

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All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Trump’s $3.3T tax bill passes Senate, heads to House amid GOP pushback

  • 51-50 vote passed the bill, with Vice President JD Vance casting the tie-breaking vote.

  • 3 Republicans Republicans defied Trump and voted against the bill.

  • The package combines $4.5T in tax cuts with $1.2T in spending cuts.

  • Controversial tax on solar and wind energy projects was removed, but other provisions remained.

  • This week: the House is expected to vote on this bill.

  • Some GOP lawmakers are pushing for changes to the bill.

    • Concerns are over Medicaid cuts, spending reductions, and its overall scale.

    • House Speaker Mike Johnson can lose only 3 GOP votes, making passage uncertain amid united Democratic opposition.

  • July 4: Trump’s self-declared deadline for the bill’s passage.

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3. Sam Altman slams Meta’s AI talent poaching spree, “missionaries will beat mercenaries”

  • “What Meta is doing will, in my opinion, lead to very deep cultural problems,” CEO Altman reportedly said in a memo sent to OpenAI researchers.

  • “I am proud of how mission-oriented our industry is as a whole; of course there will always be some mercenaries,” Altman said.

  • Relatedly, $300M over 4 years, with $100M+ in the 1st year, is said to be the packages of some of the 10+ offers made by Zuckerberg to AI researchers.

4. Figma files for IPO after $228M in revenue, $45M in net income in Q1

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