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

  • On May 18, 2025, during an uncommon Sunday night session, House Republicans narrowly passed President Donald Trump's tax and border security proposal through the Budget Committee with a 17-16 vote.
  • The package's progress followed days of blockage by deficit hawks who had opposed the bill over disputed Medicaid spending cuts and green energy credit repeals.
  • The bill makes permanent the income tax reductions enacted in 2017 and introduces temporary exemptions on earnings from tips, overtime, and interest paid on auto loans, while also proposing to raise the cap on deductions for local and state taxes to $30,000 for married filers earning up to $400,000.
  • A nonpartisan fiscal watchdog group estimates that the proposed legislation could increase the national debt by approximately $3.3 trillion over the next ten years, a factor contributing to Moody's recent downgrade of the U.S. Credit rating.
  • Further negotiations continue amid conservative demands for faster Medicaid cuts and work requirements, with House Speaker Mike Johnson aiming to pass the bill before the Memorial Day deadline despite ongoing internal divisions.
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tippinsights broke the news in on Sunday, May 18, 2025.
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