The sweeping bill that will cut taxes and impact funding to social programs was passed in the House by a vote of 218-214 on Thursday, July 3.

Find out when the major money-related provisions of One Big Beautiful Bill take effect, including Medicare, Social Security, and IRS rules.

Senate Republicans brought Trump’s big tax breaks and spending cuts bill to passage - with a tie-breaking vote from Vice President Vance - after a rocky all-night session.

Many Republicans argue that voters will feel the economic benefits of their bill and reward them by sending them back to Washington. Democrats say the bill is deeply unpopular and they'll use it to clobber the GOP in the November 2026 election.

Yesterday, mere hours after the “big, beautiful bill” was passed, I received an email from the Social Security Administration expressing pride that the bill passed. It was a propaganda letter, telling me what I may get out of the bill and neglecting to tell me what that benefit was costing others.

The House passed the “One Big Beautiful Bill Act” on July 3, which includes sweeping changes to healthcare and some pharma-related provisions.

President Donald Trump's massive budget reconciliation package undergoes one more round of debates before a final vote, expected Thursday morning, after GOP leaders worked almost around the clock trying to persuade skeptical holdouts.

A lesser-known provision of the One Big Beautiful Bill passed earlier this month is the so-called $1,000 Trump Accounts for newborns. Axios reported that the provision was first floated by venture capitalist Brad Gerstner 18 months ago.