House Passes Major Tax and Reform Bill Blocking $2T Increase

The U.S. House of Representatives has passed H.R. 1, known as the One Big Beautiful Bill, a significant legislative package championed by House Republicans as a fulfillment of President Trump's America First agenda. The bill aims to provide substantial tax relief by making the 2017 Tax Cuts and Jobs Act permanent, increasing the SALT deduction, expanding the Child Tax Credit, and offering additional benefits for seniors, while also preventing what Republicans describe as an impending $2 trillion tax increase on middle- and low-income Americans. It includes provisions to secure the border, deport criminal illegal aliens, boost domestic energy production, and root out waste, fraud, and abuse in programs like Medicaid and the Federal Employee Health Benefits Program, with anticipated savings of $1.5 billion. Key legislative priorities such as the REINS Act, requiring congressional approval for major federal regulations, are incorporated, aiming to restore legislative power and curb executive overreach. Republican leaders, including Rep. Adrian Smith, Rep. Nicole Malliotakis, Rep. Kat Cammack, and House Oversight Committee Chairman James Comer, have praised the bill as a historic victory for taxpayers and economic prosperity, urging the Senate to promptly pass the measure. President Trump also applauded the House's action, emphasizing the need for Senate approval to complete the legislative process.