In a dramatic late-night session, the U.S. Senate advanced former President Donald Trump’s sweeping tax and spending cuts legislation — dubbed the “Big Beautiful Bill” — with a narrow 51-49 vote. The legislation is a centerpiece of Trump’s renewed economic agenda and marks a major step forward for Republicans who aim to have the bill finalized by July 4.
Vice President J.D. Vance was present in the chamber, prepared to cast a tie-breaking vote if needed. However, the measure passed without requiring his intervention, though the margin was slim, reflecting deep partisan divisions.
What’s in the Bill:
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Major tax cuts for corporations and individuals.
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Deep spending reductions, particularly in federal agencies and social programs.
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Provisions aiming to stimulate business investment and reduce the federal deficit.
The bill still faces further procedural steps and likely amendments before final passage. But this vote clears one of the biggest hurdles, setting the stage for a potential July 4 signing — a symbolic target for Trump and GOP leaders.
