The House proposal would enact Trump's major campaign promises while dramatically changing Medicaid, food benefits, income taxes and border security.

Derrick Van Orden (R-Wis.) says Republicans aren’t actually cutting anyone’s federal health or food benefits in President Donald Trump’s sweeping tax bill — a plan that slashes $1 trillion from Medicaid and food assistance programs.

The recent passage of the 'Big Beautiful Bill Act' by the U.S. House, backed by President Trump, increases the standard deduction for seniors but leaves Social Security taxes intact. Despite campaign promises,

WASHINGTON – President Donald Trump 's sweeping tax and policy bill that would change Americans' everyday lives has cleared one big hurdle after several marathon days of negotiations in the U.S. House and an assist from the president himself. But the 1,000-plus-page legislation is still a long way from becoming a law.

Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,” said the fourth-highest-ranking House Democrat.