The winners and losers of the ‘big, beautiful bill’

Published July 4, 2025 6:00am ET



After months, the massive GOP tax cuts and spending bill is heading to President Donald Trump’s desk to become law.

Republicans pushed the bill through the House in a 218-214 vote on Thursday, a day ahead of House Speaker Mike Johnson’s Fourth of July deadline. The megabill, dubbed the One Big Beautiful Bill Act, makes permanent several existing tax provisions and implements new ones.

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