US House Approves Trump’s ‘Big, Beautiful’ Tax and Spending Bill

In a significant legislative move, the US House of Representatives has passed former President Donald Trump’s much-anticipated tax and spending bill, often described by Trump himself as “big” and “beautiful.” The bill aims to provide extensive tax relief while increasing government spending on key areas.

The legislation, which received broad attention from both supporters and critics, marks one of the most ambitious efforts to reshape the nation’s fiscal policy in recent years. It includes substantial tax cuts intended to stimulate economic growth and reduce the tax burden on individuals and businesses. Proponents argue that the bill will boost investment, create jobs, and enhance the overall competitiveness of the American economy.

Alongside the tax provisions, the bill also authorises increased spending on infrastructure, defence, and social programs. This spending package aims to modernise critical infrastructure across the country, strengthen national security, and support vulnerable communities through expanded social services.

Supporters in the House praised the bill as a balanced approach to economic recovery and growth, highlighting its potential to deliver both immediate relief and long-term benefits. Many Republicans celebrated the bill as a fulfilment of Trump’s promises to cut taxes and boost government investment in key sectors.

However, some Democrats and fiscal conservatives expressed concerns about the increased spending levels and the potential impact on the national deficit. They cautioned that without careful oversight, the bill could exacerbate the country’s long-term debt challenges.

With the House approval secured, the bill now moves to the Senate for consideration. The Senate’s response will be closely watched, as it will determine whether this ambitious plan can become law and significantly influence the country’s economic direction in the coming years.