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'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.
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Northern Ag Network broke the news in on Thursday, July 3, 2025.
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