💨 Abstract

The Republican-led House has passed President Trump's major tax and spending bill after an all-night session. The vote was 215-214, marking a significant victory for Trump and House Speaker Mike Johnson. The bill, which includes key campaign promises from Trump, now faces challenges as it moves to the Senate. The legislation aims to permanently extend individual income tax cuts from the 2017 Tax Cuts and Jobs Act while cutting Medicaid and food stamps and altering energy tax credits.

Courtesy: WTOP Staff