Summary
The U.S. House of Representatives passed a tax cut and spending bill, known as the “One Big Beautiful Bill,” by a narrow vote of 218 to 214. The bill will raise the debt ceiling by $5 trillion, increase spending on immigration enforcement, and maintain earlier tax cuts, but it will reduce funding for programs like Medicaid and SNAP. The bill now moves to President Trump to be signed into law.
Key Facts
- The House of Representatives passed the bill after 29 hours of debate.
- The vote was close: 218 in favor and 214 against.
- All Democrats opposed the bill, and two Republicans joined them.
- The bill will allow the U.S. government to borrow an additional $5 trillion.
- It increases spending significantly on immigration enforcement.
- It maintains tax cuts from 2017, which primarily benefit high earners.
- Funding for Medicaid and SNAP will be reduced to cover costs.
- The Congressional Budget Office estimates 17 million more people will be without health insurance over 10 years because of this bill.
- The national deficit is projected to grow by $3.3 trillion over the next decade.
- Democratic Leader Hakeem Jeffries spoke for almost nine hours in protest before the bill was passed.
