US Senate Republicans unveil their version of Trump's sweeping tax-cut, spending bill
UNITED STATES, JUN 28 – The $4.2 trillion bill includes extensions of Trump-era tax cuts, $350 billion for border security, and cuts to Medicaid and SNAP projected to leave 10.9 million without health care, CBO says.
- On June 29, 2025, U.S. Senate Republicans introduced a comprehensive 940-page bill that includes tax reductions and increased spending measures reflecting President Trump's priorities in Washington, D.C.
- The bill emerged from a backdrop of intense debates over Medicaid cuts and a contentious SALT deduction cap increase to $40,000, critical for maintaining Republican seats.
- House Speaker Mike Johnson expressed determination to complete the process by the July 4 deadline, calling it ‘poetic’ to finish on Independence Day despite potential timeline slips.
- President Trump urged the House to send the bill to his desk before July 4, stating, “We can get it done” and emphasizing swift delivery of his economic agenda.
- If passed, the bill will face further House approval and signals ongoing challenges for Republicans to unify while aiming to enact Trump’s priorities quickly.
282 Articles
282 Articles
ALLISON SCHRAGER: Megabills didn’t break the economy before and won’t now
Opinions of the One Big Beautiful Bill tend toward the extreme. One of its main authors calls it “the greatest piece of Republican legislation in a generation,” while one of its most authoritative critics says it makes him ashamed to…

The GOP Megabill: What taxpayers should know
The “big, beautiful bill” extends many tax cuts enacted during the first Trump administration — and adds some new ones. Here are some key provisions taxpayers need to know.
GOP scorned for trying to hide budget vote under cover of night
House Republicans are on the verge of passing legislation that is projected to strip health coverage and food aid from millions of people across the United States, all to pay for tax breaks that will flow disproportionately to a small sliver of rich Americans.The final vote on the sprawling budget reconciliation package, which narrowly passed the Senate on Tuesday, is expected Thursday after hours of jockeying among Republican leaders and holdov…
Tough choices needed to lower federal debt
Even for those not distracted by recent events in the Middle East, there was some troubling, if not terribly surprising, news coming out of Capitol Hill regarding President Donald Trump’s economic agenda that could have been easily overlooked. The Joint Committee on Taxation this month released an analysis that concluded proposed changes to the “One Big Beautiful Bill” now pending in the U.S. Senate would increase projected federal deficits by h…
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