Trump Tax Bill Passes Key Panel to Advance in U.S. Congress. AI-Generated.
On Sunday night, May 18, 2025, President Donald Trump's expansive tax and spending package, known as the "One Big Beautiful Bill," cleared a significant hurdle in the U.S. Congress. The House Budget Committee narrowly approved the bill with a 17–16 vote, following intense negotiations that saw four conservative Republicans who had previously opposed the measure vote "present." This development marks a pivotal step in advancing Trump's legislative agenda, which aims to extend and expand the 2017 Tax Cuts and Jobs Act.
