Trump, beautiful bill and Senate
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Find out when the major money-related provisions of One Big Beautiful Bill take effect, including Medicare, Social Security, and IRS rules.
The sweeping bill that will cut taxes and impact funding to social programs was passed in the House by a vote of 218-214 on Thursday, July 3.
President Donald Trump's massive budget reconciliation package undergoes one more round of debates before a final vote, expected Thursday morning, after GOP leaders worked almost around the clock trying to persuade skeptical holdouts.
The nonpartisan Congressional Budget Office is required by law to provide economic analyses on major legislation.
Many Republicans argue that voters will feel the economic benefits of their bill and reward them by sending them back to Washington. Democrats say the bill is deeply unpopular and they'll use it to clobber the GOP in the November 2026 election.
The House passed the “One Big Beautiful Bill Act” on July 3, which includes sweeping changes to healthcare and some pharma-related provisions.
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The Western Journal on MSN'Big Beautiful Bill' Alert for New American Parents: Your Baby Just Got $1000A lesser-known provision of the One Big Beautiful Bill passed earlier this month is the so-called $1,000 Trump Accounts for newborns. Axios reported that the provision was first floated by venture capitalist Brad Gerstner 18 months ago.
People are concerned over changes to gambling deductions and new taxes passed by Congress in the Big Beautiful Bill.