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Congress Passes Bill Extending Trump Tax Breaks, Adds $3.4T

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Story summary
  • Congress passed the One Big Beautiful Bill, extending President Donald Trump tax breaks and cutting food and health aid.
  • The law eliminated taxes on tips, overtime pay and certain auto-loan interest, affecting 7.5 million tip filers and 29 million overtime filers.
  • SNAP enrollment fell by 4 million people, including over 800,000 children in 13 states.
  • The Congressional Budget Office projects the bill will add $3.4 trillion to the deficit, raising national debt to $40 trillion.