Overview
- The U.S. House of Representatives approved President Trump's 'Big Beautiful Bill' after a late-night vote led by Speaker Mike Johnson.
- The bill permanently extends Trump’s first-term tax cuts, set to expire this year, while cutting Medicaid and food assistance programs.
- Independent analysis projects the legislation will increase the federal deficit by $4.8 trillion over the next decade.
- The Congressional Budget Office estimates over ten million Americans will lose health insurance under the proposed Medicaid cuts.
- The bill now moves to the Senate, where Republicans hold a narrow majority and plan to introduce significant amendments.