- The GOP's budget package, known as the "One Big Beautiful Bill Act," has passed the House of Representatives and is now awaiting President Donald Trump's signature.
- The legislation extends $4.5 trillion in tax breaks from 2017, including new deductions for tips and older adults, and temporarily expands the child tax credit and raises the state and local tax deduction cap.
- It introduces significant cuts to social programmes, with Medicaid spending estimated to fall by over $1 trillion over the next decade and new work requirements for both Medicaid and SNAP benefits.
- The bill allocates substantial funding increases for immigration enforcement, including billions for border fencing, new ICE agents, and detention facilities, alongside a $5 trillion increase to the debt ceiling.
- Environmental provisions in the package include stripping tax incentives for renewable energy projects by 2027 and ending electric vehicle tax credits by the end of September.
IN FULL
The House just passed Donald Trump’s ‘One Big, Beautiful Bill.’ Here’s what that means for you
