President Trump's tax and spending bill passed the House by a narrow margin, adding $3.8 trillion to the national debt. It aims to fulfill Trump's policy agenda but has drawn criticism for favoring the wealthy and cutting benefits for the poor.

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially benefiting affluent earners in high-tax states. This adjustment, phasing out for incomes over $500,

The House of Representatives passed Trump's "One Big Beautiful" reconciliation budget that will likely kick millions off programs like Medicaid.