The U.S. House of Representatives has narrowly passed President Donald Trump’s comprehensive tax and spending package, known as the “One Big Beautiful Bill.” In a tight vote of 215-214, the legislation now moves to the Senate for further deliberation, where Republicans hold a 53-47 majority. The Senate is expected to review the bill in the coming weeks and may make amendments before the final vote.
The bill aims to extend the corporate and individual tax cuts introduced in the 2017 Tax Cuts and Jobs Act. In addition, it includes new tax breaks for industries such as hospitality and automotive loans, as well as increased funding for military and border enforcement. However, it also proposes cuts to green energy incentives and tighter eligibility criteria for health and food assistance programs, which could impact millions of low-income Americans. The Congressional Budget Office estimates the bill could add around $3.8 trillion to the national debt over the next decade.
Passage of the bill followed extensive negotiations within the Republican Party, with Speaker Mike Johnson working to bridge differences between fiscal conservatives and centrist Republicans. In an effort to secure support, the bill includes provisions such as increasing the cap on state and local tax deductions to $30,000 and introducing new work requirements for Medicaid recipients.
Democrats have strongly criticized the bill, arguing that it disproportionately benefits the wealthy while cutting essential social services for vulnerable populations. The Senate is set to begin its review of the bill in early June, and further changes are expected before the final vote. The passage of this bill represents a significant moment in the ongoing debate over U.S. tax policy and its long-term economic implications.
