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AP Photo

Trump’s big tax bill has passed the House. Here’s what’s inside it​

By KEVIN FREKING and LISA MASCARO
Updated 6:07 AM CDT, May 22, 2025

WASHINGTON (AP) — House Republicans early Thursday took a major step forward on President Donald Trump’s agenda, approving a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.

House committees labored for months on the bill, which underwent late changes to win over holdouts in the Republican conference. It exceeds 1,000 pages and is titled the “One Big Beautiful Bill Act,” a nod to Trump himself.

Republicans made one last round of revisions before the bill reached the House floor, boosting the state and local tax deduction to win over centrists and speeding up the work requirements in Medicaid to win over those who didn’t believe the bill did enough to curb spending.

Here’s a look at what’s in the legislative package, which is expected to undergo more changes when it goes to the Senate.

Tax cuts for individuals and businesses
Republicans look to make permanent the individual income and estate tax cuts passed in Trump’s first term, in 2017, plus enact promises he made on the 2024 campaign trail to not tax tips, overtime and interest on some auto loans.

READ THE FULL STORY - AP

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