The House narrowly passed the One Big Beautiful Bill Act in a 215–214 vote on May 22. The 1,100-page bill extends the 2017 tax cuts, eliminates taxes on tips, boosts military and border funding, imposes work requirements for Medicaid, and slashes spending on clean energy and social programs—while raising the debt ceiling by $4 trillion. Republicans have described it as an economic revival; Democrats have denounced it as a giveaway to the rich. Now headed to the Senate for revisions, this bill could reshape the nation’s economy.
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