On July 3, 2025, the U.S. House of Representatives passed President Donald Trump’s sweeping tax and spending bill, known as the “megabill,” with a close vote of 218-214. The legislation, a key part of Trump’s domestic policy agenda, was sent to his desk just before his self-imposed July 4 deadline. House Speaker Mike Johnson and Trump worked together to convince several Republican holdouts to support the bill, overcoming internal party disagreements.
The megabill includes major tax cuts, increased military and immigration enforcement funding, and reductions in programs like Medicaid and SNAP. It also raises the child tax credit from $2,000 to $2,200 per child and adjusts it for inflation after 2025. However, the Congressional Budget Office estimates the bill could leave about 11.8 million people without health insurance by 2034.
House Minority Leader Hakeem Jeffries delayed the vote with a record-breaking 8-hour, 44-minute speech, criticizing the bill’s impact. Democrats warned that the bill could lead to political consequences for Republicans, comparing it to the failed 2017 health care bill. Two Republicans joined all Democrats in voting against it.
The bill, already passed by the Senate in a 51-50 vote with Vice President JD Vance breaking the tie, now awaits Trump’s signature. At a rally in Iowa, Trump celebrated the bill, calling it the “biggest tax cuts in our country’s history” and a major win for his administration.