US Edition
'Big Beautiful Bill' Passed By House: What It Means For MI
UNITED STATES, JUL 4 – The bill eliminates Tesla’s U.S. emission credit system, a revenue source of $1.79 billion in 2024, as part of a $4.5 trillion package that extends tax cuts and reduces social program funding.
- On Thursday, the House passed the Big Beautiful Bill with a 218-214 vote, adding $3.5 trillion to the deficit and awaiting Trump's signature on July 4.
- After Vice President JD Vance broke a 50-50 Senate tie with three GOP defections, Speaker Mike Johnson kept House voting open past 3:30 a.m. to meet a July 4 deadline.
- The Congressional Budget Office projects a $2.4 trillion deficit increase through 2034, with wealthy households gaining about $12,000 annually and over $1 trillion in Medicaid and CHIP cuts.
- Every member of Connecticut’s delegation voted against the bill; Gov. Lamont warned of devastating impacts and pledged to analyze and mitigate effects.
- As President Trump prepares to sign the bill on July 4, Lamont plans to analyze its impact and consult the Connecticut General Assembly on mitigation strategies.
25 Articles
25 Articles
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thepress.net
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Trump gets major win as USD 4.5 trillion 'Big Beautiful' bill passed by US Congress
The US Congress has passed Trump's USD 4.5 trillion 'Big Beautiful Bill,' marking a major victory in his second term. The legislation delivers sweeping tax cuts and funds core conservative priorities, overcoming internal Republican disagreements and unanimous Democratic resistance.
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