After a night of political theater, the Senate passed the “One Big Beautiful Bill Act”—a 940-page mega-package loaded with Donald Trump’s top priorities. Vice President JD Vance broke a 50-50 tie as Republicans united just enough to push it through. The bill now returns to the House, which passed its version last month. Speaker Mike Johnson warned the Senate not to stray too far from the original text, and Trump, calling the bill “very complicated stuff,” wants it signed by July 4. Democrats voted no across the board and used every procedural trick to slow it down.
Trump’s bill makes his 2017 tax cuts permanent and sweetens the deal with new deductions- at least through 2028. Standard deductions rise: USD 1,000 for individuals, $1,500 for heads of household, and USD 2,000 for married couples. For extra flavor, Trump tossed in tax write-offs for tips and overtime, plus deductions for seniors and U.S.-made car buyers. But don’t get too comfortable- those goodies vanish when Trump’s second term (if it happens) ends. Yale’s Budget Lab found lower-income Americans lose ground while the top earners see gains. If you earn a lot, this bill might just be your new best friend.
The bill swings a sharp axe at social safety nets. Medicaid and SNAP take a USD 1.2 trillion hit, with new work requirements and lower state reimbursements. The Center on Budget and Policy Priorities estimates 10.6 million could lose healthcare, while 8 million may lose food benefits. Some GOP senators, like Lisa Murkowski, fought for rural carveouts but didn’t block the broader cuts. Democrats sounded the alarm, citing a looming health coverage crisis. Still, the GOP stayed the course. The bill may promise fiscal restraint, but it asks vulnerable Americans to pick up the tab- again.
This bill doesn’t just cut—it spends, too. Immigration enforcement gets a massive $350 billion boost. ICE grabs $45 billion for new detention centers and $14 billion for stepped-up deportation ops. The bill funds 10,000 new ICE agents by 2029 and earmarks over $50 billion for border fortifications (yes, likely including Trump’s favorite wall). Funding partly comes from new immigration-related fees. Republicans hail the plan as necessary border protection. Democrats call it an overreach. Either way, this is one of the most expensive immigration crackdowns in U.S. legislative history- and it’s moving fast.
If Biden’s clean energy plan was a climate love letter, Trump’s bill is the breakup text. It guts tax credits for electric vehicles and green appliances and hits solar and wind with a new excise tax. The American Clean Power Association estimates electricity prices could spike 8–10% and industry losses could reach $7 billion by 2036. Business groups are lobbying for changes, but for now, it’s a clear reversal. The Senate version sends a message: fossil fuels are back in fashion, and clean energy incentives are out—at least until further amendments.
The bill raises the debt ceiling by $5 trillion, with Treasury Secretary Scott Bessent warning default could hit by August without action. Fiscal hawks like Rand Paul and Mike Lee protested, calling it reckless. Meanwhile, the Congressional Budget Office projects the bill will balloon the deficit by $3.3 trillion through 2034. Most of that comes from tax cut extensions. Despite objections, Republicans moved forward. Trump got his bill, but it came with a bigger national IOU. Now, the House must vote again- Trump’s fireworks may arrive just in time for July 4.
Here’s a snapshot of what this giant bill includes:
Also Read: US Senate Passes The ‘Big Beautiful’ Tax Bill As Vice President JD Vance Casts Tie-Breaking Vote
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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