House passes Trump's 'big beautiful' tax bill
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Senate Majority Leader John Thune can afford to lose three Republican senators and still pass the bill, and there are more than that, right now, who have problems with it. Like the House, he will have to balance the concerns from moderate and conservative members of his conference.
The "Big, Beautiful Bill" extends the $4.5 trillion in tax breaks implemented during Trump's first term in 2017, and adds new tax cuts Trump promised while campaigning in 2024, including no taxes on tips, overtime pay, car loan interest and others.
Millions of low-income Americans, including families with children, could lose their food stamp benefits under House Republicans’ newly passed tax and spending cuts package, according to a Congressional Budget Office analysis released Thursday.
A provision in House Republicans’ “big, beautiful bill” passed Thursday would ban Medicaid from covering gender-affirming health care for transgender people of all ages, a last-minute addition to the measure with the potential to upend care for hundreds of thousands of trans Americans.
The White House says the House GOP's tax cuts will usher in an economic boom. Top economists say the upside is negligible.
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