GOP, bill and Trump
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The House proposal would enact Trump's major campaign promises while dramatically changing Medicaid, food benefits, income taxes and border security.
The bill took weeks of negotiation to craft, and given the politics at play, it also included some notable omissions.
Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been amended by the Rules Committee, and it now goes to the Senate for consideration.
The GOP-backed One Big Beautiful Bill Act includes some big changes to the Supplemental Nutrition Assistance Program.
Four conservative rebels voted “present” to let the bill move forward. Republicans said they would resume talks on Trump’s “big beautiful bill” on Monday.
The House budget bill that narrowly passed in an early morning vote on Thursday would effectively put the brakes on a clean energy production boom in the United States spurred by tax credits enacted in 2022.
Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.