Jul 04, 2025
‘Biggest Bill Ever Signed’: Trump Hails Victory After ‘Big Beautiful Bill’ Clears Congress
House Republicans passed Trump’s \$3.3 trillion ‘One Big Beautiful Bill’ in a 218-214 vote, clearing the way for a July 4 signing celebration at the White House with GOP leaders
Trump celebrated the bill as “rocket fuel” for the economy, claiming it will make Americans richer, safer, and prouder while kicking off 250th anniversary events in Iowa
The bill makes Trump’s 2017 \$4.5 trillion tax cuts permanent, raises the SALT deduction cap from \$10,000 to \$40,000 for five years, and adds new breaks for overtime and tipped income
Tipped workers can deduct up to \$25,000 in tip income from federal taxes, but the benefit phases out for higher earners, fulfilling a top campaign promise from Trump
The bill cuts \$1.2 trillion from Medicaid and food stamps by imposing new work mandates, tighter eligibility checks, and lower federal reimbursements to states
Nearly 12 million could lose Medicaid due to stricter rules, with new bans on coverage for gender transition care and undocumented immigrants in some states
A \$50 billion emergency fund will help rural hospitals hurt by Medicaid cuts while food stamps will now require states with high error rates to pay part of the costs
The work age for food stamps rises from 54 to 64, though states like Alaska and Hawaii can seek waivers; the bill also adjusts state cost-sharing rules for SNAP
\$350 billion is directed to immigration enforcement, including \$46B for the border wall, \$45B to expand detention, \$30B for ICE staff, and a \$100 asylum fee after Senate rejected a \$1,000 charge
The bill repeals clean energy credits for EVs and homes, shuts down the Greenhouse Gas Fund, raises the debt ceiling by \$5 trillion, and raises the child tax credit to \$2,200 permanently
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