The One Big Beautiful Bill Act is a federal budget reconciliation bill pending before the 119th Congress, addressing tax policy, border security and immigration, defense, energy production, the debt limit, and adjustments to SNAP and Medicaid. It cleared the United States House of Representatives on May 22, 2025, in a 215-214 vote.
Senate Finance Committee unveils its proposed changes to the House-passed version of Trump's "big, beautiful bill," which could put the two chambers on collision course. - https://abcnews.go.com/Politics/senate-finance-committees-version-big-b…
Features of the House-passed bill include:[3][4][5]
- Extending tax reductions enacted in the Tax Cuts and Jobs Act of 2018 and repealing Biden administration tax credits for electric vehicles and renewable energy
- Establishing a private school choice tax credit policy, new temporary tax reductions on tips and overtime, and temporarily increasing the standard reduction and child tax credit
- Reducing federal funding for Medicaid by $625 billion
- $140 billion in border security and immigration funding
- Reducing federal funding for the Supplemental Nutrition Assistance Program (SNAP) by $267 billion
- A $150 billion increase in funding for the Defense Department and national security
- Increased permitting for fossil fuel projects on federal lands
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Raising the debt ceiling by $4 trillion