Trump’s ‘One Big Beautiful Bill’ Passes House 218–214, Heads to July 4 Signing
By a slim vote of 218–214, the U.S. House enacted President Trump’s expansive tax and spending plan, known as the “One Big Beautiful Bill." The
By a slim vote of 218–214, the U.S. House enacted President Trump’s expansive tax and spending plan, known as the “One Big Beautiful Bill." The plan increases military and immigration enforcement money, offers new deductions for seniors, overtime, and tips, and makes the 2017 tax cuts permanent. Moreover, it severely reduces Medicaid, SNAP, and clean energy subsidies, which Democrats strongly object to. According to the Congressional Budget Office, it will increase the national debt by $3.4 trillion over the course of the following ten years. Trumps aggressive lobbying helped ensure passage despite internal GOP differences. He will sign the law on July 4 and will portray it as a key component of his secondterm plan and an engine of economic expansion.
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B2B Tech News | 3 days ago