Trump's 'Big Beautiful Bill' Advances
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Trump's big beautiful bill gets crucial vote to move on. What to know about reconciliation bill details: no tax on tips, overtime or Social Security.
The president spoke with House Republicans on Tuesday in what appeared to be part pep rally, part pressure campaign.
President Donald Trump's "One Big Beautiful Bill Act" is a comprehensive 1,116-page legislative package aiming to reshape U.S. fiscal and social policies. It encompasses extensive tax reforms, spending cuts and policy overhauls across various sectors.
The U.S. House of Representatives has unveiled a legislative package dubbed "One Big, Beautiful bill," a phrase President Donald Trump has now said several times on his various social media accounts or in front of media. The bill attempts to combine several priorities in Trump's legislative agenda with a clear emphasis on tax cuts.
A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Goldman Sachs' Alec Phillips.
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U.S. Rep. Richard Neal, D-1st District, wants to drive home the fact that the bill boosts the rich at the expense of middle- and low-income earners.
The House prepares for a crucial meeting on Trump's bill, with key issues like Medicaid and tax deductions still in debate among Republicans.