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Republicans advance Trump’s ‘big, beautiful bill’ in unusual late-night vote

  • House Republicans advanced President Trump's multitrillion-dollar tax cut and spending bill in a late-night committee hearing ahead of a planned vote this week.
  • The bill faces challenges due to concerns about adding roughly $3.3 trillion to the national debt and the recent Moody's downgrade of US debt.
  • The proposal features broad tax reductions, including a $30,000 state and local tax deduction limit for joint filers, while also proposing reductions in funding for Medicaid, nutrition assistance programs, and renewable energy incentives.
  • House Freedom Caucus chairman Rep. Andy Harris acknowledged the complexity of managing legislation involving trillions of dollars, while Democratic Leader Hakeem Jeffries condemned the bill for threatening the healthcare coverage of millions of Americans.
  • If passed in the House this week, the bill will proceed to the Senate amid divided party support and ongoing negotiations reflecting fiscal and political tensions.
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Trump’s tax cut faces a new snag: America’s debt crisis is back in the spotlight

After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other.

·Atlanta, United States
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tippinsights broke the news in on Sunday, May 18, 2025.
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