U.S. House Passes Sweeping Economic and Tax Bill; Trump Calls It ‘Historic’
Washington-On Wednesday, May 22, 2025, U.S. President Donald Trump announced via his Truth Social platform that the “one, big, beautiful bill” has been passed by the House of Representatives. He hailed the bill as potentially “the most significant piece of legislation in the history of our country,” pending final approval.
Weezharoz-Key Highlights of the Bill Include:
-Massive tax cuts
-Elimination of taxes on tips and overtime pay
-Tax deductions for purchasing American-made vehicles
-Pay raises for ICE and Border Patrol agents
-Funding for the “Golden Dome” project
-Creation of newborn savings accounts known as “Trump Accounts”
Trump praised House Speaker Mike Johnson and Republican leadership for passing the bill and urged the Senate to act swiftly and send it to his desk without delay.
In his statement, Trump also criticized Democrats, accusing them of being “lost, weak, and aimless.”
He claimed they remain in denial about their “landslide loss” in the presidential election and continue to push for open border policies and transgender rights—policies Trump asserted “will never happen again.”
Summary:
With this legislation, Republicans aim to solidify economic reform as a central achievement ahead of the 2026 midterm elections. The bill’s fate now rests with the U.S. Senate.
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