Senate Passes Trump’s $4 Trillion Tax Bill Narrowly

The U.S. Senate narrowly passed President Donald Trump's "One Big Beautiful Bill" (BBB) with a 51-50 vote, with Vice President JD Vance breaking the tie, marking a significant legislative win for the Trump administration and its domestic priorities. The bill includes nearly $4 trillion in tax cuts and spending reductions, featuring key housing provisions such as a permanent qualified business income deduction and a temporary quadrupling of the SALT deduction cap, which were strongly supported by the National Association of Realtors and the National Association of Home Builders. Despite unanimous Democratic opposition and criticism from Senate Minority Leader Chuck Schumer, Republican leaders, including Senate Majority Leader John Thune, emphasized the bill's benefits for Americans. Conservative groups like AMAC Action played a pivotal role in rallying grassroots support for the bill through coordinated outreach and direct lobbying efforts. The bill now awaits final approval in the House of Representatives, where Republican leadership aims for a swift passage by Independence Day before it reaches President Trump's desk for signature. The legislation represents a fulfillment of President Trump's campaign promises, including significant tax relief and spending cuts aimed at boosting the economy and supporting homeownership.