Overview

• The House passed the 'Big Beautiful Bill' with a razor-thin 215–214 vote, highlighting divisions within the Republican Party.
• The legislation permanently extends Trump-era tax cuts and introduces new relief measures, projected to add $4.8 trillion to the federal deficit over the next decade.
• Proposed cuts to Medicaid and SNAP include new work requirements for childless, non-disabled adults, potentially affecting millions of low-income Americans.
• The bill boosts military spending by $150 billion and allocates over $300 billion for border security, including $45 billion for ICE detention facilities and $50 billion for new border barriers.
• Biden-era clean energy tax credits are slated for phase-out, curtailing subsidies for electric vehicles and renewable energy projects.