Close Menu
iM.NewsiM.News

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Big Beautiful Bill Update: Senate Passed $4 Trillion Legislation

    June 29, 2025

    Generative AI Booming in Banking & Finance: A $21B Market Opportunity

    June 28, 2025

    Magic: The Gathering x Sonic The Hedgehog Collab Announced

    June 28, 2025
    Facebook X (Twitter) Instagram
    iM.NewsiM.News
    Subscribe
    • Home
    • Lifestyle

      FDA Expands COVID Vaccine Warning on Heart Inflammation Risk

      June 27, 2025

      McDonald’s Faces Nationwide Boycott Over DEI Rollback

      June 24, 2025

      Social Security Retirement Age Change 2026: From 65 to 67

      June 11, 2025

      Salmonella Outbreak Forced Nationwide Brown Egg Recall

      June 7, 2025

      Michaels Acquires Joann Fabrics: What This Means for DIYs

      June 6, 2025
    • Relations

      Trump Announced Ceasefire: Is There a Ceasefire Between Iran and Israel?

      June 24, 2025

      U.S. Drops Bombs on Iran’s Major Nuclear Facilities

      June 22, 2025

      Powerful 5.2 Magnitude Earthquake Strikes Northern Iran Sparks Nuclear Testing Theory

      June 21, 2025

      Trump Demands “Unconditional Surrender” From Iran Amid Escalating Conflict

      June 18, 2025

      What is Trump Mobile? Trump Organization Launches New Phone and Mobile Plan

      June 17, 2025
    • Technology

      Generative AI Booming in Banking & Finance: A $21B Market Opportunity

      June 28, 2025

      AI in Payments: Revolutionizing Fraud Detection and Personalization

      June 27, 2025

      Google Launches Gemini CLI: AI-Powered Coding Tool For Developers

      June 26, 2025

      FTC Sends $126 Million in Fortnite Refunds: How to Claim Your Money Before July 9

      June 26, 2025

      Supercharge Supplier Payments with Lightning-Fast Global Disbursements

      June 25, 2025
    • Travel & Tourism

      When and Where Is the Military Parade in DC Tomorrow?

      June 14, 2025

      Trump Announces Sweeping Travel Ban on 19 Countries

      June 5, 2025

      Massive Aurora Borealis Storm in the U.S. Tonight—Here’s When and Where to See It

      June 1, 2025

      Catastrophic Glacier Collapse Buries 90% of Village in Switzerland

      May 29, 2025

      Happy Pi Day 2025: Celebrate Math, Pie, and Unbeatable Deals!

      March 14, 2025
    • Get in Touch
    iM.NewsiM.News
    Home»News Focus»Big Beautiful Bill Update: Senate Passed $4 Trillion Legislation
    News Focus

    Big Beautiful Bill Update: Senate Passed $4 Trillion Legislation

    Zayne PhamBy Zayne PhamJune 29, 2025Updated:June 29, 2025No Comments3 Mins Read2 Views
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Senate Advances President Trump’s “Big Beautiful Bill” Amid Musk’s Harsh Critique. (Image Credit: AP / Jacquelyn Martin)
    Senate Advances President Trump’s “Big Beautiful Bill” Amid Musk’s Harsh Critique. (Image Credit: AP / Jacquelyn Martin)
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    The U.S. Senate narrowly voted 51–49 to advance President Donald Trump’s $4 trillion “One Big Beautiful Bill.” This pivotal decision brings the comprehensive tax, spending, and immigration reform package one step closer to becoming law.


    What Is the “Big Beautiful Bill”?

    The “Big Beautiful Bill” is a sweeping legislative proposal encompassing a range of policy areas:

    • Tax Reforms: The bill aims to make permanent many of the tax cuts from President Trump’s first term, including extending $3.8 trillion in expiring benefits.

    • Spending Cuts: Proposed reductions target Medicaid, food assistance programs, and green energy investments.

    • Immigration Measures: The legislation allocates $350 billion to fund mass deportation plans and enhance border security.

    Despite its ambitious scope, the bill has faced criticism for its proposed cuts to essential services and its potential impact on vulnerable populations.

    “Big Beautiful Bill” Passed Senate?

    The Senate’s vote to proceed with the bill was a dramatic late-night session, with Vice President JD Vance present to break a potential tie. The final tally was 51–49, with two Republicans—Senators Thom Tillis and Rand Paul—joining Democrats in opposition. Senator Tillis expressed concerns about the proposed Medicaid cuts, fearing they would leave many without healthcare in his state. President Trump has since threatened to campaign against Senator Tillis in the upcoming elections due to his dissent.


    Key Provisions and Controversies

    Elon Musk Slams the Bill as “Insane” and “Destructive”

    Tesla and SpaceX CEO Elon Musk sharply criticized the Big Beautiful Bill, warning it would “destroy millions of jobs in America” and “give handouts to industries of the past while severely damaging industries of the future”. He also labeled it “political suicide for the Republican Party.”

    Musk’s critique focuses on the bill’s rollback of clean‑energy credits, seen as detrimental to the electric vehicle sector he leads and crucial to sustainable innovation

    Tax Cuts and Spending Priorities

    The bill’s centerpiece is the extension of $3.8 trillion in tax breaks, including provisions that eliminate taxes on tips. However, these tax cuts are offset by proposed spending reductions in areas such as Medicaid and food assistance programs, leading to debates over fiscal responsibility and the social safety net.

    Immigration and Border Security

    A significant portion of the bill’s funding—$350 billion—is dedicated to immigration enforcement and border security measures. This allocation aligns with President Trump’s hardline stance on immigration but has sparked concerns about its humanitarian implications and effectiveness.

    SALT Deduction Changes

    The bill includes a modification to the State and Local Tax (SALT) deduction, raising the cap from $10,000 to $40,000 for five years. This change has been met with mixed reactions, with some Republicans arguing it’s too generous, while others believe it doesn’t go far enough to benefit taxpayers in high-tax states.

    With the Senate’s approval to proceed, the bill now faces further debate and potential amendments before a final vote. If passed, it will return to the House for consideration before reaching President Trump’s desk. The administration is pushing for swift action to meet the self-imposed July 4 deadline.

    Donald Trump Elon Musk U.S.
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleGenerative AI Booming in Banking & Finance: A $21B Market Opportunity
    Zayne Pham

      Related Posts

      Generative AI Booming in Banking & Finance: A $21B Market Opportunity

      June 28, 2025

      Magic: The Gathering x Sonic The Hedgehog Collab Announced

      June 28, 2025

      What is Birthright Citizenship after Supreme Court Side With President Trump?

      June 28, 2025
      Leave A Reply Cancel Reply

      Latest Posts

      Big Beautiful Bill Update: Senate Passed $4 Trillion Legislation

      June 29, 20252 Views

      Generative AI Booming in Banking & Finance: A $21B Market Opportunity

      June 28, 20253 Views

      Magic: The Gathering x Sonic The Hedgehog Collab Announced

      June 28, 20252 Views

      What is Birthright Citizenship after Supreme Court Side With President Trump?

      June 28, 20255 Views
      Stay In Touch
      • Facebook
      • Twitter
      • Pinterest
      • Instagram
      • YouTube
      • Vimeo
      Don't Miss

      Diddy Trial 2025: Day 2 Live Updates – Casandra “Cassie” Ventura Take The Stand

      May 14, 2025 Trending Now 21 Views

      Day 2 of the Diddy Trial saw Sean Combs’ ex girlfriend, Cassie Ventura, take the stand for an emotional testimony on the alleged abuse.

      Diddy Trial 2025: Day 1 Live Updates

      May 13, 2025

      2024 U.S. Election Results Update: Donald Trump Re-elected!

      November 6, 2024

      Subscribe to Updates

      Get the latest creative news from SmartMag about art & design.

      About Us
      About Us

      We provide the daily life news. You find latest trendy news at our portal, from entertainment to economy or politics.

      We're accepting new partnerships right now.

      Email Us: info@im.news

      Facebook X (Twitter) RSS
      Our Picks

      Big Beautiful Bill Update: Senate Passed $4 Trillion Legislation

      June 29, 2025

      Generative AI Booming in Banking & Finance: A $21B Market Opportunity

      June 28, 2025

      Magic: The Gathering x Sonic The Hedgehog Collab Announced

      June 28, 2025
      Most Popular

      Diddy Trial 2025: Day 2 Live Updates – Casandra “Cassie” Ventura Take The Stand

      May 14, 202521 Views

      Diddy Trial 2025: Day 1 Live Updates

      May 13, 202520 Views

      2024 U.S. Election Results Update: Donald Trump Re-elected!

      November 6, 202418 Views
      © 2025 I'm News. Designed by I'm News.
      • Home
      • Lifestyle
      • Relations
      • Travel & Tourism
      • Technology

      Type above and press Enter to search. Press Esc to cancel.