vlog

Skip to content
NOWCAST vlog News at 6pm Weekday Evening
Coming up Soon
Advertisement

House Republicans pass Trump's $4.5 trillion tax breaks and spending cuts bill

House Republicans narrowly passed President Donald Trump's $4.5 trillion tax breaks and spending cuts legislation, overcoming opposition and securing a key victory for the GOP. The bill now heads to Trump's desk.

House Republicans pass Trump's $4.5 trillion tax breaks and spending cuts bill

House Republicans narrowly passed President Donald Trump's $4.5 trillion tax breaks and spending cuts legislation, overcoming opposition and securing a key victory for the GOP. The bill now heads to Trump's desk.

The bill's passage is *** key victory for President Donald Trump and GOP leadership who persuaded enough Republican holdouts to vote in favor of the big beautiful bill. This in spite of opposition and *** last ditch effort by Democrats to delay the final vote. The motion is adopted. House Republicans secured the votes to deliver *** mega bill central to the president's second term by his self-imposed July 4th deadline. Speaker Mike Johnson praised the passage after working through the night to sway GOP hardliners. We took the best effort that we could in one big, beautiful bill to fix as much of it as we could, and I am so grateful to God. The one big Beautiful Bill Act includes key pieces of President Donald Trump's domestic agenda, including various tax breaks, making permanent tax cuts passed during President Trump's first term, letting workers deduct tips and overtime pay through 2028, and temporarily allowing *** $6000 deduction for many older adults who earn less than $75,000 *** year. There's also new spending. $50 billion towards border and national security and helping develop *** golden dome defensive system to pay for it, Republicans are rolling back green energy investments and cutting more than $1 trillion for Medicaid and food stamps, mainly through imposing new work requirements. House Democratic leader Hakeem Jeffries criticized the cuts in *** record breaking almost nine hour long floor speech delaying the final vote. It's *** crime scene. Going after the health and the safety and the well-being of the American people, and Mr. Speaker, we want no part of it. The bill now heads to President Donald Trump's desk. The White House says he'll sign it Friday night during *** picnic to mark the 4th of July holiday. Report from Capitol Hill. I'm Caitlin Warwood.
vlog logo
Updated: 4:52 PM CDT Jul 3, 2025
Editorial Standards
Advertisement
House Republicans pass Trump's $4.5 trillion tax breaks and spending cuts bill

House Republicans narrowly passed President Donald Trump's $4.5 trillion tax breaks and spending cuts legislation, overcoming opposition and securing a key victory for the GOP. The bill now heads to Trump's desk.

vlog logo
Updated: 4:52 PM CDT Jul 3, 2025
Editorial Standards
House Republicans narrowly passed President Donald Trump's $4.5 trillion tax breaks and spending cuts legislation after an all-night session, marking a significant victory for the president and GOP leadership. The vote, which was mostly along party lines, ended with a 218 to 214 tally in favor of the "big, beautiful bill," despite two Republicans joining Democrats in opposition.The bill's passage was achieved after Republican holdouts were persuaded to support the legislation, overcoming a last-ditch effort by Democrats to delay the final vote. Speaker Mike Johnson praised the passage, saying, "We took the best effort that we could in one, big, beautiful bill to fix as much of it as we could, and I am so grateful to God that we got that done as we did."The "One Big Beautiful Bill Act" includes key elements of Trump's domestic agenda, such as making permanent the tax cuts from his first term, allowing workers to deduct tips and overtime pay through 2028, and temporarily permitting a $6,000 deduction for older adults earning less than $75,000 annually. Additionally, the bill allocates $350 billion toward border and national security and the development of a "Golden Dome" defensive system.To fund these initiatives, Republicans plan to roll back green energy investments and cut over $1 trillion from Medicaid and food stamps, primarily by imposing new work requirements. House Democratic Leader Hakeem Jeffries criticized these cuts during a record-breaking, nearly nine-hour floor speech, stating, "It's a crime scene going after the health and the safety and the well-being of the American people, and Mr. Speaker, we want no part of it."The bill now heads to Trump's desk, with the White House indicating he will sign it Friday night during a Fourth of July picnic. The nonpartisan Congressional Budget Office projects the bill will add approximately $3 trillion to the national debt over a decade and result in nearly 12 million more people going without health insurance.

House Republicans narrowly passed President Donald Trump's $4.5 trillion tax breaks and spending cuts legislation after an all-night session, marking a significant victory for the president and GOP leadership. The vote, which was mostly along party lines, ended with a 218 to 214 tally in favor of the "big, beautiful bill," despite two Republicans joining Democrats in opposition.

The bill's passage was achieved after Republican holdouts were persuaded to support the legislation, overcoming a last-ditch effort by Democrats to delay the final vote. Speaker Mike Johnson praised the passage, saying, "We took the best effort that we could in one, big, beautiful bill to fix as much of it as we could, and I am so grateful to God that we got that done as we did."

Advertisement

The "One Big Beautiful Bill Act" includes key elements of Trump's domestic agenda, such as making permanent the tax cuts from his first term, allowing workers to deduct tips and overtime pay through 2028, and temporarily permitting a $6,000 deduction for older adults earning less than $75,000 annually. Additionally, the bill allocates $350 billion toward border and national security and the development of a "Golden Dome" defensive system.

To fund these initiatives, Republicans plan to roll back green energy investments and cut over $1 trillion from Medicaid and food stamps, primarily by imposing new work requirements. House Democratic Leader Hakeem Jeffries criticized these cuts during a record-breaking, nearly nine-hour floor speech, stating, "It's a crime scene going after the health and the safety and the well-being of the American people, and Mr. Speaker, we want no part of it."

The bill now heads to Trump's desk, with the White House indicating he will sign it Friday night during a Fourth of July picnic.

The nonpartisan Congressional Budget Office projects the bill will add approximately $3 trillion to the national debt over a decade and result in nearly 12 million more people going without health insurance.