Senate Advances Trump’s “Megabill”

The Republican-led U.S. Senate narrowly approved a procedural vote (51–49) to move forward with President Trump’s expansive tax‑cut & spending package—dubbed the “big beautiful bill.” Key features include extended 2017 tax cuts, increased military and border funding, Medicaid provider cuts, and raised SALT deduction caps. The nonpartisan CBO estimates it would add $3.3 trillion to the federal debt over 10 years. Senate Republicans face challenges aligning the package with budget rules—parliamentarian rulings blocked about $600 billion in cuts, which may delay passage past Trump’s July 4th goal.

Author: Global Ripple

Posted on: June 29, 2025