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HOUSE GIVES FINAL OK TO TRUMP TAX BILL

  • On July 3, 2025, the U.S. House narrowly passed a $4.5 trillion bill proposing tax reductions and spending cuts supported by President Donald Trump, with a 218-214 vote, sending the legislation to his desk for expected signing on July 4.
  • The bill follows a difficult congressional process with narrow victories, including the Senate passage days earlier where Vice President J.D. Vance broke a tie to pass the 800-plus-page package.
  • The bill features $4.5 trillion in tax relief measures introduced in 2017 that are set to expire, $1.2 trillion in reductions to Medicaid and food assistance programs primarily through new work requirements, a significant scaling back of green energy tax incentives, and a $350 billion allocation for national security initiatives.
  • Democratic leader Hakeem Jeffries denounced the bill as a “crime scene” that threatens public health and safety, cautioning that the proposed cuts to food stamps would deprive millions of vulnerable Americans—including children, veterans, and seniors—of essential nutrition.
  • The bill's approval marks a significant milestone in Trump's effort to reclaim the presidency, although it is met with unanimous opposition from Democrats and raises concerns about increasing the deficit by $3.3 trillion and leaving 11.8 million people without health insurance.
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The Times of Northwest IndianaThe Times of Northwest Indiana
+2 Reposted by 2 other sources
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HOUSE GIVES FINAL OK TO TRUMP TAX BILL

CONGRESS

·Cherokee County, United States
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The Economic Times broke the news in on Thursday, July 3, 2025.
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