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D.C. Scorecard: The 'Big, Beautiful Bill' and Its Many Amendments

UNITED STATES, JUL 1 – The bill extends 2017 tax cuts benefiting 85% of taxpayers while Medicaid cuts threaten coverage for 11.8 million people by 2034, says the Congressional Budget Office.

  • On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act into law at the White House, passing the measure without any Democratic support.
  • This year, the Big Beautiful Bill uses the Reconciliation process to lock in key tax cuts, though it is not the federal budget.
  • The Congressional Budget Office estimates at least 11.8 million people will lose Medicaid coverage by 2034, as the bill offsets revenue with cuts to safety net programs.
  • It's going be jet fuel,' House Speaker Mike Johnson said on Fox News Sunday, as the CBO estimates the law offsets a $4.5 trillion revenue gap with Medicaid and food stamp cuts.
  • About 85% of U.S. taxpayers will see lower taxes in 2026, according to the Tax Policy Center, while a Quinnipiac University poll finds 64% of voters support a pathway to legal status for undocumented immigrants.
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The Washington Post broke the news in on Tuesday, July 1, 2025.
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