• Trump's 'One Big Beautiful Bill' passes the House of Representatives by a narrow margin of 218-214.
• The bill, crucial to Trump's domestic agenda, extends tax cuts but imposes significant reductions on social safety net programs.
• Healthcare experts project that the legislation could leave 17 million Americans without insurance over the next decade.
• Democratic legislators uniformly opposed the bill, condemning it as a boon for wealthy Americans at the expense of the poor.
• Trump is expected to sign the bill into law on July 4, coinciding with Independence Day.

President Donald Trump's tax and spending package, known as the “One Big Beautiful Bill,” cleared the US Congress with a 218-214 vote in the House of Representatives, following a contentious debate filled with partisan division. The bill, which has been pivotal in defining Trump's domestic agenda, is designed to extend the tax cuts initiated during his first term and raises the national debt ceiling by $5 trillion, according to Indiatimes, Al Jazeera, BBC, and Dawn.

The legislation includes sweeping tax cuts estimated to total around $4.5 trillion, with specific provisions for border security funding and social safety net cuts, including a significant reduction in Medicaid and food assistance programs. These cuts raise concerns that approximately 17 million Americans may become uninsured according to the nonpartisan Congressional Budget Office (CBO), as highlighted by Al Jazeera, Los Angeles Times, Indiatimes, and Newsweek.

Trump, who had been vocal about the importance of passing this legislation by July 4 to underscore his electoral promises, faced significant pushback from a small number of Republicans, specifically Representatives Thomas Massie and Brian Fitzpatrick, who voted against the bill due to concerns of increasing federal deficit and impacts on healthcare programs. The vote passed with every House Democrat opposing it, labeling the bill as a “giveaway to billionaires,” according to Al Jazeera, Al Jazeera, and BBC.

This historic legislation, marked by a record-breaking speech from Democratic Leader Hakeem Jeffries that lasted over eight hours, aims to fulfill Trump’s goals, although it raises alarms concerning fiscal responsibility and social support for vulnerable populations. Critics from both sides of the aisle have expressed worries about the long-term implications for the US fiscal health, particularly given the substantial debt increase, according to Los Angeles Times, Dawn, and Newsweek.