House Passes Trump Tax Bill Adding Trillions to Debt, Risking Millions Losing Coverage

The U.S. House of Representatives passed President Donald Trump's expansive tax bill, dubbed the "One Big Beautiful Bill," which extends many tax cuts from his first term and introduces new benefits such as eliminating taxes on tips and overtime, increasing the child tax credit, and creating government deposits for newborns. However, the bill has generated significant controversy due to its substantial cost, with estimates projecting it will add up to $3.4 trillion to the deficit through 2034 and increase the national debt by $2.4 trillion over the next decade. To offset these expenses, the legislation proposes over $1 trillion in cuts to social safety net programs, potentially causing millions to lose Medicaid coverage and become uninsured. The bill's temporary nature, with many deductions expiring after 2028, ties the tax relief closely to Trump's presidency, raising concerns about its long-term sustainability. Politically, the bill has sparked internal GOP tensions and fears that it may backfire by alienating voters and jeopardizing Republican seats in future elections, while Democrats predict electoral losses for those supporting the measure. The Senate is expected to amend the bill, potentially reigniting ideological conflicts within the Republican Party as the legislation moves forward.