On July 3, 2025, House Republicans narrowly passed the ‘One Big Beautiful Bill’ with a 218–214 vote — a major legislative win for President Donald Trump.
🔍 Key Highlights:
- $4.5 trillion Trump-era tax cuts made permanent
- New tax breaks: No taxes on tips and overtime pay
- $1.2 trillion spending cuts, including stricter rules for Medicaid and food stamps
- $350 billion for border security, focused on immigration enforcement
- Debt ceiling raised by $5 trillion
