BREAKING: “One Big Beautiful Bill” Passes Key Committee Vote
Rare Sunday night session sees four fiscal conservatives vote “Present” as bill advances 17-16
In a rare Sunday evening session, House Republicans advanced the "One Big Beautiful Bill Act" from the Budget Committee, overcoming earlier resistance from fiscal conservatives. The 17-16 vote, with four Republicans voting “present,” followed negotiations that addressed concerns about the bill's impact on the national deficit.
The legislation proposes permanent extensions of the 2017 tax cuts and introduces temporary tax breaks, including the elimination of taxes on tips, overtime pay, and auto loan interest. It also allocates substantial funds for border security and defense.
Fiscal conservatives had initially blocked the bill, citing its potential to add approximately $3.3 trillion to the national debt over the next decade. Their support was secured after commitments to accelerate spending cuts, such as implementing Medicaid work requirements earlier than the proposed 2029 start date.
The bill now moves to the full House for consideration. Speaker Mike Johnson aims for a floor vote before Memorial Day, expressing hope that the Senate will pass the measure without significant alterations.
Moderate Republicans, particularly from high-tax states like New York, are advocating for a higher cap on state and local tax deductions. Other, more fiscally conservative Republicans have largely dismissed higher caps as subsidies for Blue States.
As the bill progresses, it faces challenges in balancing fiscal responsibility with the diverse priorities within the Republican Party. Republican Senators have already indicated that they plan to make changes to the bill once it passes the House.
