What's in Trump's 'Big, Beautiful' Bill? 

House Speaker Mike Johnson aims to pass President Donald Trump's big bill and send it to the Senate by Memorial Day. What's included in the bill?

$5 Trillion in Tax Cuts: It aims to make permanent tax cuts from Trump's first term and implement no tax on tips, overtime, and interest on auto loans. It would also increase the local and state tax (SALT) deductions for families making less than $400,000 per year from $10,000 to $30,000. Additionally, it would eliminate the $200 transfer tax on suppressors, or “silencers,” enacted under the National Firearms Act of 1934. Rolling back some of President Biden's green energy tax credits, the total cost of the tax cuts comes to around $3.7 trillion. 

Medicaid Reductions: To reduce spending, the bill proposes cuts to Medicaid, including disqualification if the applicant owns a home valued at over $1 million. The Congressional Budget Office estimated that 7.6 million people would lose coverage. 

Food Stamps: States currently pay none of the benefits for the Supplemental Nutrition and Assistance Program (SNAP) and 50% of the administrative costs of the program. The bill looks to increase that to paying 5% of the benefits and 75% of administrative costs. It also adds work requirements for able-bodied adults, raising the age requirement from 54 to 64.

Defense and Security: The bill includes increased funding to hire 3,000 border patrol officers, nearly $50 billion to build more fencing across the US-Mexico border, and imposes a fee on those seeking asylum. It includes $25 billion for Trump’s “Golden Dome for America,” similar to Israel's Iron Dome missile defense system.

Miscellaneous: The bill also cuts federal employee pensions; increases leasing of public lands for drilling, mining, and logging; and a tax increase on some university endowments.

Written by the AllSides staff (of humans). Learn more. Support our mission. Suggest an improvement to this summary.