#OneBigBeautifulBill

The Senate approved today, July 1, 2025, the "One Big Beautiful Bill Act" by a narrow margin (51-50, with the tie-breaking vote from JD Vance).

The text—almost 900 pages—extends the tax cuts from 2017, eliminates taxes on tips and overtime, increases funding for defense and border control, at the expense of cuts to Medicaid and SNAP.

The CBO estimates an increase in the deficit of between 3.3 and 4.5 trillion USD over the next decade.

The bill now goes to the House before July 4 for final approval.