What's in the Senate-version of the 'big, beautiful bill?'
President Donald Trump’s "big beautiful bill" passed the Senate Tuesday after more than 24 hours of voting. Vice President JD Vance broke a 50-50 tie on Tuesday to secure the win. The bill returns to the House for a new vote, which it must pass before Trump can sign it into law.The 940-page "One Big Beautiful Bill Act," as it is now formally titled, cuts spending on Medicaid, food stamps and other programs as a way to help cover the cost of extending some $4.5 trillion in tax cuts.
The legislation would make permanent many of the tax breaks and tax brackets from Trump's first term that would otherwise expire by year's end if Congress fails to act, resulting in a potential tax increase on Americans. The bill would temporarily add new breaks, including no taxes on tips, overtime pay, the ability to deduce interest payments for some car loans, along with a $6,000 deduction for older adults who earn no more than $75,000 a year.
Aside from tax breaks, the bill would commit $350 billion to national security, including for Trump's mass deportation agenda, a border wall and the Golden Dome.
To pay for the above, it proposes $1.2 trillion in cuts, largely to Medicaid and food stamps, by imposing work requirements, making sign-up eligibility more stringent and changing federal reimbursements to states.
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