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House GOP Passes Controversial $5 Trillion Tax Bill

6/2/2025

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Summary

Story summary

House Republicans have approved a sweeping multitrillion-dollar tax and spending bill, reinstating permanent tax cuts from Trump's 2017 plan. As the Senate prepares to debate, tensions rise over proposed Medicaid cuts and a staggering $5 trillion debt ceiling increase, with dissenting voices like Sen. Rand Paul pushing back against the bill's hefty price tag.

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Story summary

House Republicans have approved a sweeping multitrillion-dollar tax and spending bill, reinstating permanent tax cuts from Trump's 2017 plan. As the Senate prepares to debate, tensions rise over proposed Medicaid cuts and a staggering $5 trillion debt ceiling increase, with dissenting voices like Sen. Rand Paul pushing back against the bill's hefty price tag.