Trump’s Bill Passed: The Tax and Spending Updates, Explained | WSJ

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Trump’s Bill Passed: The Tax and Spending Updates, Explained | WSJ 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 News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #Trump #Taxes #WSJ
  2025/07/04      youtube

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