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The House of Representatives passed President Trump’s one big, beautiful tax and spending bill. The sweeping domestic policy megabill includes Medicaid cuts, Trump’s promised no tax on tips and clean energy tax credit changes. The bill also increases government spending on ICE and border security, missile defense, shipbuilding and more.
WSJ’s Richard Rubin breaks down the final version of the tax-and-spending megabill passed by Congress before Trump signs it.
Chapters:
0:00 The House passes Trump’s megabill
Tax-cut extensions
New tax deductions
Spending increase on defense and border security
Medicaid, SNAP and clean energy
How the bill increases the deficit
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2025/07/04
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