BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home FINANCE

Everything We Know About Trumps Big Beautiful Bill: Largest Tax Cut in American History?

by Michael Juanico
April 30, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 4 mins read
A A
41
SHARES
678
VIEWS
Share on XShare in TelegramShare on Reddit
  • Republicans are drafting a major bill focused on tax cuts, border security, and energy, aiming for a summer vote.
  • Deep divisions remain over Medicaid cuts and whether the plan truly reduces spending as promised.
  • The GOP will use reconciliation to bypass Democrats, but a risky tax maneuver may face Senate pushback.

After weeks of tense back-and-forth, and a quiet two-week break back home, congressional Republicans are finally back in D.C. — and they’ve got work to do. Their mission? Turn President Donald Trump’s sweeping legislative blueprint into what he’s calling one “big, beautiful bill.”

JUST IN: 🇺🇸 President Trump is working on a "big beautiful bill" for the largest tax cut in U.S. history—warning Democrats could bring a 60% tax hike pic.twitter.com/8UXZlkZVQc

— BlockNews (@blocknewsdotcom) April 30, 2025

Over the coming weeks, lawmakers will try to stitch together a massive package focused on Trump’s biggest priorities — tax cuts, border security, and energy expansion. If it passes, this would be the cornerstone achievement of Trump’s second term. But getting there? Not gonna be easy.

Two Chambers, Two Different Tracks

The budget blueprint passed in April set things in motion. Now, the House and Senate will work on separate proposals, which eventually need to be merged. The broad goals? Pretty aligned — extend Trump’s 2017 tax cuts (set to expire soon), eliminate taxes on tips and overtime, increase border and defense spending, and raise the debt ceiling to avoid a default.

But the fine print? That’s where it gets tricky.

House Republicans want to slash at least $1.5 trillion in spending. Senate Republicans? They’ve only called for $4 billion in cuts — a slight gap. Speaker Mike Johnson has asked committees to crank out legislation by May 9, aiming for a Memorial Day vote. The Senate’s looking more toward July 4.

Between now and then, there’ll be plenty of political wrestling over what makes it into the final package.

Medicaid in the Crosshairs

One of the biggest flashpoints? Medicaid.

House instructions call for $880 billion in cuts under the Energy and Commerce Committee’s purview. And experts say, flat-out, you can’t hit that number without slicing into Medicaid — which covers health care for over 72 million low-income Americans.

Chairman Jodey Arrington insists it’s possible to find savings without cutting benefits. He points to massive fraud across federal programs, estimating up to $521 billion in losses per year. His pitch? “Check the Medicaid rolls twice instead of once and you save $160 billion.”

Still, not everyone’s buying that. Senators like Josh Hawley have said they won’t vote for any package that cuts Medicaid benefits. Trump himself has vowed to veto anything that goes beyond trimming “waste, fraud, and abuse.”

Some Republicans Worry It’s Not Enough

While some are concerned about too much cutting, others think it doesn’t go far enough.

A group of House conservatives nearly tanked the budget blueprint over fears it would blow up the deficit. Their influence led to the $1.5 trillion cut commitment — but that’s hard to deliver without touching benefit programs. If those lawmakers feel that promise gets watered down? They could sink the whole thing by withholding their votes.

Reconciliation: The GOP’s Go-To Strategy

To push this bill through without needing Democrats, Republicans plan to use budget reconciliation, a process meant for spending-related legislation. But there’s a catch: the Senate parliamentarian has to give the final package a thumbs-up, making sure every provision sticks to the spending theme.

After Weeks of Tense Back and forth and a Quiet Two week Break Back Home Congressional Republicans Are Finally Back in Dc

That means lawmakers need to be selective — no stuffing random policies into the bill.

Still, Senate Republicans have already decided to skip a key check with the parliamentarian on how they’re counting the extension of Trump’s 2017 tax cuts. By treating them as “current policy,” they make them look like they cost nothing — even though it’s really a $3.8 trillion expense over a decade.

If the parliamentarian steps in later and rules against them? That could blow up the whole strategy.

Tags: Donald TrumpJodey ArringtonLawmakersMike JohnsonRepublicans
Tweet10ShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Chainlink’s Battle With Long-Term Resistance Could Spark a Breakout Toward $73, if THIS Happens
CHAINLINK

Chainlink’s Battle With Long-Term Resistance Could Spark a Breakout Toward $73, if THIS Happens

August 22, 2025
Solana Memecoin TROLL Blasts Past $270 Million Market Cap: Is $1 Billion Possible in 2025?
CRYPTO

Solana Memecoin TROLL Blasts Past $270 Million Market Cap: Is $1 Billion Possible in 2025?

August 22, 2025
Bitcoin Maxi Davinci Jeremie Calls Shiba Inu’s $1 Dream a Fantasy
BITCOIN

Bitcoin Maxi Davinci Jeremie Calls Shiba Inu’s $1 Dream a Fantasy

August 22, 2025
Trump Slams Jerome Powell Over “Too Late” Rate Cut Signals: Is This Bullish or Bearish?
FINANCE

Trump Slams Jerome Powell Over “Too Late” Rate Cut Signals: Is This Bullish or Bearish?

August 22, 2025
Cardano’s Bullish Setup Gains Momentum as Whales Accumulate and Hydra Expands
CARDANO

Cardano’s Bullish Setup Gains Momentum as Whales Accumulate and Hydra Expands

August 22, 2025
Dogecoin Holds at Key Support as Multiple Bullish Patterns Build
CRYPTO

Dogecoin Holds at Key Support as Multiple Bullish Patterns Build

August 22, 2025
Load More

Related News

Chainlink’s Battle With Long-Term Resistance Could Spark a Breakout Toward $73, if THIS Happens

Chainlink’s Battle With Long-Term Resistance Could Spark a Breakout Toward $73, if THIS Happens

August 22, 2025
Solana Memecoin TROLL Blasts Past $270 Million Market Cap: Is $1 Billion Possible in 2025?

Solana Memecoin TROLL Blasts Past $270 Million Market Cap: Is $1 Billion Possible in 2025?

August 22, 2025
Bitcoin Maxi Davinci Jeremie Calls Shiba Inu’s $1 Dream a Fantasy

Bitcoin Maxi Davinci Jeremie Calls Shiba Inu’s $1 Dream a Fantasy

August 22, 2025
Trump Slams Jerome Powell Over “Too Late” Rate Cut Signals: Is This Bullish or Bearish?

Trump Slams Jerome Powell Over “Too Late” Rate Cut Signals: Is This Bullish or Bearish?

August 22, 2025
Cardano’s Bullish Setup Gains Momentum as Whales Accumulate and Hydra Expands

Cardano’s Bullish Setup Gains Momentum as Whales Accumulate and Hydra Expands

August 22, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs opinion PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.