House Republicans on Thursday advanced President Donald Trump’s sweeping “One Big Beautiful Bill Act,” a 1,000-page package combining tax cuts, spending reductions, immigration crackdowns, and Trump-era priorities. The legislation makes permanent Trump’s 2017 tax cuts and adds new breaks — eliminating taxes on tips, overtime, and some car loans — while partially offsetting costs by cutting Biden-era clean energy credits.
It slashes Medicaid by $700 billion and tightens work requirements for both Medicaid and food aid. The bill allocates $46.5 billion to restart Trump’s border wall and proposes deporting 1 million immigrants annually. It creates “Trump” savings accounts for newborns, replaces student loan repayment plans, and removes Biden-era loan forgiveness rules.
The package boosts defense spending by $150 billion, including $25 billion for a national missile shield. It also eliminates the $200 tax on gun silencers and bars Medicaid funding to Planned Parenthood. Senate negotiations are expected to bring further changes.
