US Senate passes a big bill -2025
Breaking News (July 1, 2025): The US Senate has passed former President Donald Trump's massive tax and spending bill — officially titled the 'One Big Beautiful Bill' — with-Vote A 50-50 =' Broken B Vice President J.D. Vance.
🧾 What’s Inside the Bill?
- Extension of major 2017 tax cuts.
- Sharp cuts to Medicaid and SNAP programs.
- SALT deduction cap raised to $40,000.
- Increased debt ceiling by $5 trillion.
⚖️ Senate Drama & Division
Three Republicans—Susan Collins, Thom Tillis, and Rand Paul—joined all Democrats in opposition. This led to a 50–50 tie, dramatically broken by VP Vance in favor of the bill.
An incredible win for working Americans." — Senate Majority Leader John Thune
📆 What’s Next?
- The bill now moves to the House for final voting on July 2.
- Republicans are Coming To The Finals Before The -July 4th races.
- AI regulation and some budget cut provisions were removed.
📉 Economic Impact
Federal Reserve Chair Jerome Powell warned that inflation and rising deficits could delay planned interest rate cuts. Economists expect long-term pressure on public spending.
Summary: The 'One Big Beautiful Bill' is the most extensive GOP-backed legislation in years, combining tax cuts with spending reductions. While supporters claim it will fuel economic growth, critics fear long-term harm to low-income Americans.
Sources: The Guardian, NY Post, Financial Times, Reuters
