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What’s Inside Trump’s $3.3 Trillion Bill That Has Washington on Edge?

The United States Senate has passed President Donald Trump’s sweeping tax-cut and spending bill by a razor-thin margin of 51-50, setting the stage for a high-stakes battle in the House of Representatives just days before the July 4 holiday.
The landmark legislation pushed through after a marathon overnight debate aims to extend Trump’s 2017 tax cuts, introduce new tax breaks for tips and overtime income, and ramp up military and immigration enforcement spending.
However, it also slashes $930 billion from Medicaid and food assistance programs, sparking fierce opposition from Democrats and some moderate Republicans.
Vice President JD Vance cast the tie-breaking vote in the Senate after three GOP senators Thom Tillis, Susan Collins, and Rand Paul broke ranks and joined all Democrats in voting against the measure.
Critics have condemned the bill for its impact on healthcare and the national deficit.
According to the Congressional Budget Office (CBO), the plan would add a staggering $3.3 trillion to the federal debt and leave nearly 12 million more Americans without health insurance.
“This is the largest assault on American healthcare in history,” said House Democratic Leader Hakeem Jeffries.
“It rips healthcare away from millions and takes food from the mouths of hungry kids.”
The bill now faces an uncertain future in the House, where Republicans hold a slim 220-212 majority.
Several House Republicans have already voiced concerns over steep Medicaid cuts and the added national debt.
The House Freedom Caucus has labeled the bill fiscally irresponsible, while lawmakers from high-tax states demand better deductions for state and local taxes.
Despite the backlash, Speaker Mike Johnson said he aims to bring the bill to a House vote before Independence Day, depending on weather-related travel delays.
President Trump, who hopes to sign the bill into law by July 4, remains optimistic.
“It’s a great bill. There’s something for everyone,” he said.
If passed, the legislation will reshape America’s tax code, reduce social safety net protections, and trigger one of the most significant federal spending overhauls in decades.
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