Washington — House Republicans passed President Trump’s “one big, beautiful bill,” which includes extending the 2017 Tax Cuts and Jobs Act, tax exemptions for service industry tips and overtime, a temporary increase in the child tax credit, and provisions for border security funding. The legislation imposes Medicaid work requirements, raises the SALT deduction cap to $40,000, and introduces $1,000 “Trump accounts” for child savings. The bill now moves to the Senate for further consideration, where additional changes are expected.
