Overview

• The House approved the 1,118-page One Big Beautiful Bill Act of 2025, extending 2017 tax cuts, eliminating levies on tips and overtime, and raising the SALT deduction cap to $40,000 for married couples.
• The legislation imposes work requirements and more frequent eligibility checks on able-bodied Medicaid recipients without children, bans coverage of gender transition services and penalizes states that extend care to undocumented immigrants.
• It allocates $46.5 billion for border wall construction, $4.1 billion to hire Border Patrol agents and introduces a $1,000 fee on asylum applicants alongside additional funding for border security.
• The Joint Committee on Taxation projects the bill will cut federal revenue by $3.8 trillion over ten years; nonpartisan analysts warn it could add over $6 trillion to the national debt if its tax cuts become permanent.
• The Senate is poised to weigh unified Democratic opposition and Republican calls for modifications in the coming weeks before sending a revised bill back to the House for final approval.