Takeaways as Congress sends tax and spending cuts bill to Trump’s desk
July 3, 2025
The House has passed the massive tax and spending cuts package that President Donald Trump calls “beautiful,” getting it to his desk a day before the July 4 deadline that he had set. The 887-page bill includes spending cuts, tax breaks, military spending, money for deportations and other longtime GOP priorities like cuts to Medicaid and renewable energy programs. The Congressional Budget Office estimates that under the bill 11.8 million more Americans would become uninsured by 2034 and 3 million more would not qualify for food stamps, also known as SNAP benefits.