House Republicans on Thursday passed the ‘ONE BIG BEAUTIFUL BILL’ in a 218-214 vote, clearing the way for President Donald Trump’s signature, scheduled for July 4. “Our Party is UNITED like never before and our Country is hot,” Trump wrote on Truth Social moments after the vote, thanking Speaker Mike Johnson, Senate Majority Leader John Thune, and “all of the wonderful Republican Members of Congress who helped us deliver on our promises.” The president added that Americans would soon be “richer, safer, and prouder than ever before” as the nation embarked on what he described as a “new Golden Age.”Republican lawmakers are expected to join Trump at a White House ‘signing celebration’ on Friday at 4 pm (local time). Trump said, “Together we can do things that were not even imagined possible less than one year ago. We will keep working, and winning congratulations, America!”The “Big Beautiful Bill” delivers massive changes across tax, spending, and security policy. At its core, the legislation makes permanent the $4.5 trillion in tax cuts first enacted during Trump’s 2017 term and introduces new breaks, including the elimination of taxes on tips, one of Trump’s key campaign promises. On the spending side, it enacts $1.2 trillion in cuts, targeting Medicaid and food stamp programs by imposing stricter eligibility requirements, new work mandates for some parents and older adults, and reduced federal reimbursements to states. The bill also rolls back billions in tax credits for wind and solar energy, a move critics say will trigger major investment losses in the renewable sector. Additionally, it allocates $350 billion toward border security and immigration enforcement, including expanded deportation efforts, partially financed by new fees on immigrants. To accommodate the fiscal package, the bill raises the national debt ceiling by $5 trillion—a provision that drew pushback from some Republican lawmakers.
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