Following Senate and House approval of the “One Big Beautiful Bill” the President signed the measure in a White House ceremony on July 4th. The legislation implements the President’s domestic policy priorities by extending and enhancing the 2017 tax cuts, increases initiatives to enhance border security, increases investments in defense programs and targets reductions in other Federal programs.
Senate Majority Leader John Thune (R-S.D.) is sticking to his ambitious schedule of getting the reconciliation legislation to President Trump’s desk by July 4, even as he faces objections from GOP colleagues and the Senate parliamentarian to key provisions in the bill. Thune is continuing his effort pushing to get the budget reconciliation bill on the floor by the weekend. Republican senators are racing to work out their disagreements over Medicaid, renewable energy tax breaks, state and local tax deductions and a host of other provisions before the bill comes to the Senate floor. Once approved by the Senate, the House must also approve it or send it back with amendments to the Senate.