Trump's $4.5 Trillion Bill Passes House
Analysis based on 6 articles · First reported Jul 03, 2025 · Last updated Jul 03, 2025
The passage of Donald Trump's $4.5 trillion tax breaks and spending cuts bill is expected to add $3.3 trillion to the United States' deficit and cause 11.8 million more people to lose health coverage, negatively impacting the healthcare sector and potentially increasing government debt concerns. The rollback of green energy tax credits from the Inflation Reduction Act will also affect the renewable energy industry.
The United States — United States House of Representatives passed President Donald Trump's $4.5 trillion tax breaks and spending cuts bill, a key legislative victory for his second term. The bill includes $4.5 trillion in tax breaks, some new and some extending 2017 cuts, and $350 billion for national security and Donald Trump's deportation agenda. To offset revenue loss, it imposes $1.2 trillion in cutbacks to United States — Medicaid and food stamps, along with a major rollback of green energy tax credits from the Inflation Reduction Act. The United States — Congressional Budget Office estimates the bill will add $3.3 trillion to the deficit and leave 11.8 million more people without health coverage. The passage was contentious, with unified United States — Democratic Party (United States) opposition led by Hakeem Jeffries, who delivered a record-breaking speech against the bill. United States — Republican Party (United States) leaders, including Mike Johnson, worked to overcome internal dissent and pressure from Donald Trump to secure the narrow 218-214 vote.
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