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President Trump’s 'Big, Beautiful Bill' Could Impact Your Taxes, Health Care and Groceries

  • Following a 16-hour Senate reading of the 940-page bill, Musk warned it would 'cause immense strategic harm.'
  • Schumer ordered a full 940-page reading to delay proceedings and expose the bill's contents.
  • According to the nonpartisan CBO, the bill would add $3.3 trillion to the deficit, cause nearly 12 million Americans to lose health coverage, and cut 3 million food stamp recipients.
  • After a 51-49 Senate vote, the bill advances to the House, with GOP leaders aiming for final passage by July 4.
  • This budget reconciliation bill requires only a majority to pass and its tax cuts could expire at the end of 2025 if not extended.
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Analysis by Zachary Wolf and Tami Luhby, CNN Seniors, students, taxpayers, children, parents, low-income Americans and virtually everyone else will be affected by the massive tax and spending bill being negotiated in real time on Capitol Hill. Republicans call it President Donald Trump's "big, beautiful bill," but there have been several versions. The most recent passed the Senate on Tuesday with Vice President J.D. Vance casting the tie-breakin…

·Idaho Falls, United States
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Korrespondent.net broke the news in Kyiv, Ukraine on Sunday, June 29, 2025.
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