House Passes Megabill with $150B Military Funding, $3.4T Deficit Increase

President Donald Trump is poised to sign a massive spending and tax package known as the "One Big Beautiful Bill," which passed the House narrowly with a 218-214 vote, overcoming significant Republican objections. The legislation includes the largest farm program funding since 2002, with $66 billion allocated to agriculture, while cutting $186 billion over 10 years from the Supplemental Nutrition Assistance Program by expanding work requirements and requiring states to share costs. The bill also enacts sweeping tax cuts, including making the 2017 Tax Cuts and Jobs Act permanent, expanding the child tax credit, and reducing tax breaks for clean energy projects, while also including historic defense spending of $150 billion for priorities such as the "Golden Dome" missile defense system and shipbuilding. Military spending combined with the Pentagon’s base budget approaches $1 trillion, marking the highest in recent history, alongside $150 billion for border security and immigration enforcement. Despite its broad scope, the bill is projected to increase the federal deficit by $3.4 trillion over the next decade and is expected to result in nearly 12 million more uninsured individuals by 2034 due to Medicaid cuts. The legislation represents a major political victory for Trump and House Republicans, fulfilling key aspects of his second-term agenda but drawing sharp criticism for its substantial cuts to social programs and its fiscal impact.