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Home FINANCE

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

by Sham
April 30, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 4 mins read
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  • 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
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