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?

Michael Juanico by Michael Juanico
April 30, 2025
in FINANCE, OPINION, POLITICS
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.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Donald TrumpJodey ArringtonLawmakersMike JohnsonRepublicans
Tweet10ShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

Solana Could Help Shape the Next Version of the Internet… Even if It Doesn’t Look Like It Right Now
CRYPTO

Solana Could Help Shape the Next Version of the Internet… Even if It Doesn’t Look Like It Right Now

November 30, 2025
XRP Market Braces for Volatile December as Long–Short Liquidations Intensify – Here is What’s Going On Here is
CRYPTO

XRP Market Braces for Volatile December as Long–Short Liquidations Intensify – Here is What’s Going On Here is

November 30, 2025
Arthur Hayes Warns Tether Is Sitting on Major Risk — Here Is Why Analysts Say He’s Wrong
CRYPTO

Arthur Hayes Warns Tether Is Sitting on Major Risk — Here Is Why Analysts Say He’s Wrong

November 30, 2025
XRP Price Eyes 900%+ Upside as ETF Demand Surges — Here Is Why Traders Are Getting Bullish Here is
CRYPTO

XRP Price Eyes 900%+ Upside as ETF Demand Surges — Here Is Why Traders Are Getting Bullish Here is

November 30, 2025
Vitalik Warns Zcash Against Token Voting — Here Is Why He Says It Could Slowly Destroy Privacy
CRYPTO

Vitalik Warns Zcash Against Token Voting — Here Is Why He Says It Could Slowly Destroy Privacy

November 30, 2025
Dogecoin Price Climbs Even as Network Activity Drops to a Two-Month Low — Here Is Why Traders Think a Bigger Move Might Be Coming
CRYPTO

Dogecoin Price Climbs Even as Network Activity Drops to a Two-Month Low — Here Is Why Traders Think a Bigger Move Might Be Coming

November 30, 2025
Load More

Related News

Solana Could Help Shape the Next Version of the Internet… Even if It Doesn’t Look Like It Right Now

Solana Could Help Shape the Next Version of the Internet… Even if It Doesn’t Look Like It Right Now

November 30, 2025
XRP Market Braces for Volatile December as Long–Short Liquidations Intensify – Here is What’s Going On Here is

XRP Market Braces for Volatile December as Long–Short Liquidations Intensify – Here is What’s Going On Here is

November 30, 2025
Arthur Hayes Warns Tether Is Sitting on Major Risk — Here Is Why Analysts Say He’s Wrong

Arthur Hayes Warns Tether Is Sitting on Major Risk — Here Is Why Analysts Say He’s Wrong

November 30, 2025
XRP Price Eyes 900%+ Upside as ETF Demand Surges — Here Is Why Traders Are Getting Bullish Here is

XRP Price Eyes 900%+ Upside as ETF Demand Surges — Here Is Why Traders Are Getting Bullish Here is

November 30, 2025
Vitalik Warns Zcash Against Token Voting — Here Is Why He Says It Could Slowly Destroy Privacy

Vitalik Warns Zcash Against Token Voting — Here Is Why He Says It Could Slowly Destroy Privacy

November 30, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

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

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

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

© 2025 BlockNews