#USCorePCEMay White House told Congress that failing to pass Trump's H.R. 1 bill by July 4 would be the "ultima...Donald Trump wants his bill passed before fireworks light up the sky on July 4, and the White House made that very clear this week.In a statement sent directly to Senate offices, officials said Trump would sign the updated version of his sweeping domestic legislation, now known as H.R. 1, and warned Congress not to screw it up.“President Trump is committed to keeping his promises, and failure to pass this bill would be the ultimate betrayal,” the statement read.The legislation, called the One Big Beautiful Bill Act, has been tweaked by Senate Republicans, and the administration has given it full backing. The White House says the bill is designed to lock in the “Golden Age of America” and make Trump’s past tax reforms permanent. That includes no taxes on tips, no taxes on overtime, new breaks for auto manufacturing done in America, and extra cuts for seniors collecting Social Security. The bill also continues the push on Opportunity Zones, which Trump officials say are key to bringing private investment into struggling communities. Trump’s team ties bill to job growth, defense, and deportations The White House says Americans will see bigger paychecks if the bill passes. Trump’s Council of Economic Advisers estimated that within four years, a typical family of four would see between $7,600 and $10,900 more in take-home pay each year.That same period could also bring protection or creation of up to 7.2 million jobs. To make that happen, the bill expands bonus depreciation rules and gives companies full expensing for new factories and factory upgrades, with the idea of giving manufacturing in the US another boost.Trump’s energy priorities are also baked into the legislation. The bill fast-tracks permits for drilling, opens up federal land for production, and cuts off funds for what the White House calls wasteful environmental programs. Officials say this will help lower energy costs across the board.On immigration and border security, H.R. 1 delivers what the White House claims is the largest investment in border enforcement in US history. That includes full funding for Trump’s long-promised wall, pay bonuses for ICE and Border Patrol, and new support for the Coast Guard to secure American waters. Trump’s team says the bill will stop the flow of fentanyl, deport more undocumented immigrants, and strengthen America’s position abroad through what they’re calling a “Peace Through Strength” agenda.The defense section of the bill carries a massive $1 trillion investment to rebuild the US military. That covers the Golden Dome defense initiative, new shipbuilding projects, upgrades to the industrial base, and investments in future military technologies. The White House is pitching this as the first step toward creating the most advanced and lethal military in the world.Congress rewrites key tax pieces in final push for July 4 voteWhile Trump is behind the package, the Senate made last-minute edits to a few major tax provisions. One of the big changes is to the standard deduction. The new draft sets it at $15,750 for single filers, which is $250 lower than the earlier version.Meanwhile, the House version, which passed weeks ago, had pushed for a $16,000 deduction for singles and $32,000 for couples, with the added twist of making it retroactive to this tax year. That would have helped people score bigger refunds ahead of the 2025 midterms. But the Senate’s plan delays it to 2026.There’s also a change in how tax brackets will be adjusted for inflation. Republicans in the Senate initially wanted to apply the shift to the bottom three brackets. Now, only the bottom two would benefit.L
