💨 Abstract

On July 3, 2025, the House of Representatives approved a major tax bill, achieving a significant legislative victory for President Trump. The bill includes tax cuts, increased federal spending, funds for the Pentagon and border security, and promises to fulfill key campaign pledges. Despite internal party divisions and concerns over the $3.3 trillion deficit and $1 trillion cut to Medicaid, the measure passed with near unanimous Republican support.

Courtesy: WTOP Staff