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8h ago

House Narrowly Approves Trump’s Sweeping Tax and Policy Bill

The 1,000-page reconciliation bill now moves to the Senate, where GOP divisions over Medicaid cuts and deficit concerns signal significant revisions ahead.

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U.S. Speaker of the House Mike Johnson (R-LA) speaks to the media after the House narrowly passed a bill forwarding President Donald Trump's agenda at the U.S. Capitol on May 22, 2025 in Washington, DC.
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Overview

  • The House passed the 'One Big Beautiful Bill Act' by a razor-thin 215-214 vote, advancing President Trump’s tax and policy agenda to the Senate.
  • The bill extends Trump’s 2017 tax cuts, raises the SALT cap for certain taxpayers, and exempts tips and overtime pay from federal income taxes.
  • It includes deep cuts to Medicaid and SNAP, with stricter work requirements projected to strip coverage and benefits from millions of low-income Americans.
  • New spending focuses on border security, mass deportation efforts, and a one-time $150 billion boost for military initiatives, including defense systems.
  • Senate Republicans have voiced concerns over the bill’s $3.8 trillion deficit impact and Medicaid reductions, indicating likely amendments before final approval.