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Trump's Tax Bill Passes House Amid Debt Concerns

5/24/2025

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Summary

Story summary

Treasury Secretary Scott Bessent passionately backed President Trump's "Big Beautiful Bill," which narrowly passed the House with a 215-214 vote. This ambitious legislation promises hefty tax cuts and spending reforms, yet it raises alarms by potentially adding $3.8 trillion to the national debt over the next decade. The Senate is now set to scrutinize the bill.

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Story summary

Treasury Secretary Scott Bessent passionately backed President Trump's "Big Beautiful Bill," which narrowly passed the House with a 215-214 vote. This ambitious legislation promises hefty tax cuts and spending reforms, yet it raises alarms by potentially adding $3.8 trillion to the national debt over the next decade. The Senate is now set to scrutinize the bill.