The United States House of Representatives is poised to vote on President Donald Trump’s signature legislation, known as the “One Big Beautiful Bill,” a sweeping policy and budget document that has sparked intense debate within the Republican Party.
The bill, which combines tax cuts, spending reforms, and policy changes, has faced opposition from some Republicans who are concerned about its potential impact on the national debt and social safety-net programs like Medicaid. Trump has expressed frustration with his party members, criticizing them for “taking so long” to pass the tax bill.
The bill’s passage in the Senate was secured with Vice President JD Vance’s tie-breaking vote, with a narrow margin of 51-50. Three Republicans – Susan Collins of Maine, Thom Tillis of North Carolina, and Rand Paul of Kentucky – joined all Democrats in voting against the bill. The measure now returns to the House for final approval, where Republican leaders are urging swift action to deliver the bill to Trump’s desk by July 4.
The “Big Beautiful Bill” would make permanent the 2017 Trump-era tax cuts and introduce new incentives, including a $10,000 tax credit for buyers of American-made vehicles. It also removes taxes on tips and overtime pay through 2028 and raises the state and local tax (SALT) deduction cap to $40,000.
However, the bill’s provisions have drawn mixed reactions, with some lawmakers expressing concerns about the estimated $3.8 trillion it would add to the national debt over the next decade.³
Some senior citizens might benefit from a proposed tax deduction of up to $6,000, which could result in significant savings for married couples earning $100,000.
The deduction would be on top of the existing tax break for seniors, and it’s designed to help retirees with combined incomes above certain thresholds. However, the tax break is temporary and would phase out for single filers making above $175,000 and joint filers making above $250,000.
In a separate development, a federal judge has ruled that Trump exceeded his authority by imposing a blanket ban on asylum at the southern US border, blocking the decision. Meanwhile, media company Paramount has signed a $16 million settlement with Trump after the president alleged that the TV news program “60 Minutes” deceptively edited an interview with his campaign rival, Kamala Harris.
The fate of the “Big Beautiful Bill” remains uncertain as it heads back to the House for final approval. While Trump has urged lawmakers to pass the bill swiftly, some Republicans have expressed concerns about the bill’s provisions and its potential impact on the national debt. With a narrow Republican majority in the Senate and a slim majority in the House, the bill’s future hangs in the balance.