US House passes sweeping tax-cut and spending bill, sends it to Trump for signature

  • Posted on July 3, 2025
  • By Business News Today
  • 2 Views
US House passes sweeping tax-cut and spending bill, sends it to Trump for signature

Republicans in Congress successfully passed President Trump's $4.5 trillion tax cuts and spending bill, achieving a major legislative victory despite unified Democratic opposition. The bill extends tax breaks from 2017, invests in national security, and implements cuts to Medicaid and food stamps to offset costs. This marks a significant milestone for Trump's second-term agenda with Republican support.
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