‘One Big, Beautiful Bill’: Trillions in Tax Cuts, Work Requirements and Spending on the Table

Republicans are moving quickly to push President Donald Trump's “one big, beautiful bill” by Memorial Day — a massive $10 trillion mix of tax breaks, benefit changes and border spending. On taxes, they'd make Trump's 2017 cuts permanent, plus exempt tips, overtime pay and up to $10,000 of interest on U.S.-built car loans. They also rolled back former President Joe Biden's clean energy credits to help cover roughly $3.7 trillion of that cost. Families earning under $400,000 would see the SALT cap jump from $10,000 to $30,000, and seniors could deduct up to $4,000 of Social Security income. For food stamps, states would begin paying 5% of benefit costs in 2028 and 75% of administrative expenses, while work requirements would extend up to age 63. Medicaid would add strict work and asset tests, putting coverage at risk for at least 7.6 million people. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.