House Passes Trump's Sweeping Tax Cut Bill | JQJO

The Republican-controlled House passed the "One Big Beautiful Bill," enacting Trump's tax and spending priorities. The bill extends Trump-era tax cuts, adds new write-offs (expiring in 2028), increases the SALT deduction to $40,000, funds border wall construction and increased ICE enforcement, and cuts Medicaid and SNAP. The Congressional Budget Office estimates a $3.8 trillion deficit increase. The bill now moves to the Senate.