On July 3, 2025, the U.S. House of Representatives approved the "One Big Beautiful Bill Act." The bill, backed by President Donald Trump, passed with a vote of 215-214-1.
The Act extends tax cuts from Trump's first term and increases military and border security funding. It also proposes cuts to Medicaid and food assistance programs.
The Congressional Budget Office (CBO) estimates the bill will add $2.8 trillion to the national debt over ten years. It could also lead to 10.9 million Americans losing health insurance.
Senator Lisa Murkowski (R-Alaska) criticized the bill's content and legislative process. She called for more bipartisan collaboration to improve its provisions.
President Trump is expected to sign the bill into law on July 4, 2025. This fulfills the administration's goal of enacting the bill before the nation's birthday.
Democratic leaders plan to highlight the bill's consequences in the 2026 midterm elections. They will focus on its impact on vulnerable populations and the national deficit.
The bill's provisions will take effect in the coming months. The full impact of the legislation will unfold over the next several years.