President Trump left the G7 after firming up a trade deal with the United Kingdom. But he hinted at roadblocks on other fronts, saying Tuesday that Japan was being “tough” in trade talks and the European Union has failed to offer a fair deal.

“We’re talking, but I don’t feel that they’re offering a fair deal yet,” Trump said of the EU, after leaving the summit early to return to Washington, in a move he said was to focus on the Israel-Iran conflict. “They’re either going to make a good deal or they’ll just pay whatever we say they have to pay.”

Trump also said Japan would soon receive a letter he has threatened to send US trading partners who do not reach a deal.

“They’re tough, the Japanese are tough, but ultimately you have to understand we’re just going to send a letter saying, ‘This is what you’re going to pay,'” he said.

Trump also added that pharmaceutical tariffs will be “coming very soon.”

Meanwhile, at the summit, Trump and British Prime Minister Keir Starmer signed the trade deal agreed to last month.

Trump said the US’s relationship with Britain was “just fantastic,” as he stood to Starmer. “We signed it and it’s done,” he added.

US trade talks with Canada are also in focus this week.

Trump said on the first day of the G7 gathering that a trade deal with Canada was possible.

“We have different concepts. I have a tariff concept. Mark has a different concept,” Trump said.

The furious push follows Trump’s warning last week that he would soon send letters setting unilateral tariff rates, raising questions about the status of negotiations and a return to his “Liberation Day” tariffs that roiled markets. Trump instituted a pause on his most punishing duties that expires July 9.

Last week, the US made key progress with China, as the nations agreed to a framework and implementation plan to ease tariff and trade tensions.

Trump and other US officials indicated the deal should resolve issues between the two countries on rare earth mineral exports. Trump said the US would impose a total of 55% tariffs on various Chinese goods.

Read more: What Trump’s tariffs mean for the economy and your wallet

Here are the latest updates as the policy reverberates around the world.

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WHAT THEY ARE SAYING: President Trump Congratulates House Republicans on Passage of the One Big Beautiful Bill Act

WASHINGTON, D.C. – House Republicans passed H.R. 1, the One Big Beautiful Bill Act, which encompasses President Trump’s full legislative agenda to restore economic prosperity in the United States. The One Big Beautiful Bill Act provides tax relief for working families and small businesses; reverses the Biden-Harris administration’s whole-of-government assault on domestic energy; reins in reckless spending that lit the fuse on inflation; and gives the Trump Administration the critical resources they need to secure our border and strengthen our national security.

Following passage on the House Floor, the legislation was championed by President Trump, Secretary of the Treasury Scott Bessent, and congressional and business leaders from across the country.

Read what top voices have to say about the One Big Beautiful Bill Act:

President Donald J. Trump:

“THE ONE, BIG, BEAUTIFUL BILL” has PASSED the House of Representatives! This is arguably the most significant piece of Legislation that will ever be signed in the History of our Country! The Bill includes MASSIVE Tax CUTS, No Tax on Tips, No Tax on Overtime, Tax Deductions when you purchase an American Made Vehicle, along with strong Border Security measures, Pay Raises for our ICE and Border Patrol Agents, Funding for the Golden Dome, “TRUMP Savings Accounts” for newborn babies, and much more! Great job by Speaker Mike Johnson, and the House Leadership, and thank you to every Republican who voted YES on this Historic Bill! Now, it’s time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE! There is no time to waste. The Democrats have lost control of themselves, and are aimlessly wandering around, showing no confidence, grit, or determination. They have forgotten their landslide loss in the Presidential Election, and are warped in the past, hoping someday to revive Open Borders for the World’s criminals to be able to pour into our Country, men to be able to play in women’s sports, and transgender for everybody. They don’t realize that these things, and so many more like them, will NEVER AGAIN happen!

Speaker of the House Mike Johnson:

“The media and the Democrats have consistently dismissed any possibility of House Republicans succeeding in our mission to enact President Trump’s America First agenda. Once again, they have been proven wrong. Today, the House has passed generational, nation-shaping legislation that reduces spending, permanently lowers taxes for families and job creators, secures the border, unleashes American energy dominance, restores peace through strength, and makes government work more efficiently and effectively for all Americans. House Democrats voted against all of it — which clearly proves they want tax hikes on their constituents, open borders, and Medicaid for illegal immigrants. We look forward to the Senate’s timely consideration of this once-in-a-generation legislation and stand ready to continue our work together to deliver The One Big Beautiful Bill to the President’s desk.”

House Majority Leader Steve Scalise (R-La.):

“Last November, the American people gave us a mandate to end the years of bloated Biden government that led to the worst inflation in decades, a wide-open southern border, and a dangerous assault on American energy. With this One Big, Beautiful Bill, House Republicans are answering that mandate and implementing President Trump’s America First agenda, delivering on our promises and providing relief to American families who’ve been struggling for too long.

“President Trump’s One Big, Beautiful Bill prevents the largest tax hike on American families and businesses in history, reestablishes American energy dominance through unleashing domestic production, secures the southern border and delivers much needed resources to carry out the President’s immigration agenda, restores Peace through Strength, spurs economic growth and new investments, and secures historic spending reductions while protecting essential programs.

“A vote against this historic legislation is a vote for huge tax increases, inflation, open borders, energy dependence, fewer jobs, and less money in your pocket. If this legislation does not become law, the average taxpayer will see a 22 percent tax hike, the Child Tax Credit will be cut in half for 40 million families, guaranteed deduction will be slashed in half for 91 percent of taxpayers, and 26 million small businesses will experience a massive tax increase. With passage of this bill, the average American family will save $1,700 – the equivalent of nine weeks of groceries – increasing real annual take-home pay for a median-income household with two children by $4,000-$5,000.

“House Republicans started preparing for budget reconciliation with President Trump over a year ago, and I’m incredibly grateful to the President, our Committee Chairs, House leadership team, and all of our dedicated Republican members for the months of late nights and hard work that got us to this moment. This Big, Beautiful Bill is a huge win for all Americans, and I urge the Senate to pass it as quickly as possible so we can get it to President Trump’s desk and start delivering the relief Americans have been waiting for.”

House Majority Whip Tom Emmer (R-Minn.):

“House Republicans have delivered historic America First policy wins for the American people. Not only does our One Big Beautiful Bill include the largest reduction in mandatory spending in history and bring out-of-control government programs to account, it also allows President Trump to continue his essential border security and deportation operations and creates a pro-growth tax code that prioritizes the working class. While Americans are still recovering from the failures of the Biden administration, President Trump and House Republicans are delivering on their promises to put the American people back on top.”

House Republican Conference Chairwoman Lisa McClain (R-Mich.):

“House Republicans delivered. We kept our promises—lowering costs, unleashing American energy, avoiding the largest tax hike, securing the border, strengthening Medicaid, and investing in our national defense. Failure was not an option. I’m proud of our committee chairmen for their tireless work in getting this bill to the finish line and all our members for working together throughout this process. House Republicans are unified behind this bill for the American people.”

“I thank President Donald Trump for his leadership every step of the way. We share his vision and commitment for a better America. Now, it’s time for the Senate to quickly deliver this bill to the President’s desk.”

Secretary of the Treasury Scott Bessent:

“House Republicans took the next critical step in fulfilling President Trump’s economic agenda by passing the One Big, Beautiful Bill, preventing historic tax hikes on hardworking Americans and saving millions of American jobs.”

Deputy Secretary of the Treasury Michael Faulkender:

“The House Republican passage of the One Big, Beautiful Bill marks a significant step toward advancing President Trump’s pro-growth agenda. This historic legislation aims to strengthen our fiscal foundation, support American families, and revitalize our domestic manufacturing. We look forward to continued progress in the Senate.”

White House Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller:

“It is impossible to overstate how exceptional and extraordinary the One Big Beautiful Bill truly is. It delivers enthusiastically on every major campaign promise in the 2024 landslide electoral mandate.”

White House Press Secretary Karoline Leavitt:

“House Republicans passed the One Big Beautiful Bill Act last night – the most significant piece of legislation in years.

“This could not have happened without the President’s leadership.

“President Trump is the greatest closer in the history of presidential politics.

“The One, Big, Beautiful Bill will implement President Trump’s Make America Great Again agenda by delivering the largest tax cut in American history, the largest border security investment in history, and the largest deficit reduction in nearly 30 years.

“The Senate should pass this critical legislation as soon as possible to usher in America’s Golden Age.”

Representative Lloyd Smucker, Vice Chairman of the House Budget Committee (R-Pa.):

“Last November, the American people gave President Trump and the Republican-led Congress a mandate for change. House Republicans today took a critical step to bring the transformative One Big Beautiful Bill closer to final passage. This bill will deliver for the American people by extending tax relief for hardworking families and small businesses, securing our border, unleashing American energy dominance, achieving peace through strength, and critically – making real, measurable reductions in federal spending. This bill secures more savings than any other reconciliation bill in American history – protecting families from both a historic tax hike and the hidden costs of unchecked federal borrowing. Passing this legislation will be a first step in righting our fiscal trajectory and I remain committed to the hard work ahead of addressing our $36 trillion and growing national debt.”

Representative Ralph Norman (R-S.C.):

“The House just secured BIG WINS for taxpayers in the One Big Beautiful Bill Act…Leadership isn’t about making the perfect the enemy of the good, but it’s about moving the ball forward without selling out your principles. My vote was about securing the wins we’ve fought for and continuing to move forward in the fight to rein in Washington’s cancerous spending.

“South Carolinians expect results, and this bill is a step toward restoring trust, accountability, and common sense in government. The American people sent us here to stop reckless spending, and today we delivered.”

Representative Tom McClintock (R-Calif.):

“Passage of the Big Beautiful Bill in the House brings us one step closer to restoring the pro-growth policies that produced ‘Morning Again in America’ under Ronald Reagan and will produce the ‘New Golden Age’ under Donald Trump. That’s what the Democrats fear most.”

Representative Glenn Grothman (R-Wis.):

“The One Big, Beautiful Bill Act is set to prevent the largest tax hike in American history. I’m fighting to ensure WI-06 families, small businesses and manufacturers keep more of what they earn. These tax cuts work—House Republicans just voted to extend them and protect your paycheck.”

Representative Buddy Carter, Chairman of the House Energy and Commerce Subcommittee on Health (R-Ga.):

“This is a once-in-a-generation bill that will unlock President Trump’s full domestic agenda, which Georgians voted for overwhelmingly back in November. With the One, Big, Beautiful Bill Act we are unleashing our nation’s energy dominance, securing the border, putting more money back into hardworking Americans’ wallets, kicking illegal immigrants off Medicaid so that it is available for those who need it, and ending the waste, fraud, and abuse that risks sending our country into economic ruin. I could not be more proud of my House Republican colleagues for getting this fantastic bill passed, but the fight is not over.

“Georgia’s Senators now have a choice: Will they stand with the people of Georgia by preventing the largest tax hike in American history, or will they bend the knee to Chuck Schumer by siding with the liberal elites?”

Representative Ben Cline (R-Va.):

“The One Big Beautiful Bill is a big win for America’s farmers and ranchers.

“It modernizes key agriculture programs, locks in tax relief, and preserves estate tax protections—giving family farms the certainty they need to weather tough times and pass their land to the next generation.”

Representative Jack Bergman (R-Mich.):

“House Republicans got the job done. We kept our word – cutting costs for families, boosting American energy, stopping massive tax hikes, securing our southern border, strengthening Medicaid, and investing in our national defense. While no piece of legislation is perfect, this was a team effort with input from all of our constituents to deliver real results for the American people.”

Representative Chip Roy (R-Texas):

“After much deliberation, I voted yes on H.R. 1, the One Big Beautiful Bill Act.

“Months ago, I worked to ensure that any tax cuts or extensions would be connected to an equal or greater amount of spending cuts to force fiscal discipline. The good news is that the bill technically held true to that framework by yielding modest deficit reduction over a 10-year budget window. Importantly, it does this by cutting spending $1.5 trillion over 10 years, reforming programs like Medicaid and SNAP with work requirements, and improving healthcare freedom by expanding health savings accounts to allow use with Direct Primary Care…We must reduce deficits much further, even as we continue to work to FULLY repeal the IRA’s unreliable energy subsidies and reduce the damage done by Obamacare’s Medicaid expansion. We can do this most efficiently with state block grants – but we can also reduce the 90% FMAP for able bodied people – ensuring states are not getting seven times more money for able bodied adults with no children over the most vulnerable in traditional Medicaid – and reducing provider taxes to end the unnecessary inflation of costs in healthcare.

“I stand ready to work with my colleagues in the Senate to continue to get this bill right before sending it to the President’s desk.”

Representative Marlin Stutzman (R-Ind.):

“The One Big Beautiful Bill Act is the start of America’s return to fiscal sanity. This bill is the single best piece of legislation I have voted for when it comes to fixing our country’s fiscal future while serving in Washington, D.C. It will secure tax cuts on American vehicles, eliminate taxes on tips and overtime, and strengthen Medicaid for those who need it most. Amazingly, this bill also protects our country by funding the Golden Dome and securing our borders. President Trump demanded prosperity for the American people, and Congress delivered.”

Representative Blake Moore (R-Utah), Vice Chairman of the House Republican Conference:

“After months of hard work, hours at field hearings and roundtable discussions, long committee markups, and a series of all-nighters here in the Capitol, House Republicans have delivered on our one big, beautiful bill. This bill is in direct response to what Americans have communicated they want—competitive tax rates, a more secure border, bolstered domestic energy resources, more support for our military, and less government waste.

“I worked to get on the Ways and Means and Budget committees for this very moment to represent Utah in this historic effort to lower taxes for hardworking families and support our small business owners. We’ve seized this opportunity head-on, and now I urge the Senate to quickly move through the legislative process so we can get this bill to the president’s desk.”

Representative Ron Estes (R-Kan.):

“[The bill] ends benefits for illegal immigrants. Instead of giving Medicaid to able-bodied adults, it prioritizes the benefit for children, seniors and low-income Americans. It provides a tax credit for seniors, exceeding President Trump’s plan to end taxes on Social Security. It provides funding for more border security to keep our country safe. And perhaps more importantly, it extends the pro-family, pro-growth policies from the Tax Cuts and Jobs Act that even the New York Times and Washington Post admitted gave tax cuts to middle class Americans.”

Representative Josh Brecheen (R-Okla.):

“I want to thank President Trump and his team and Speaker Johnson for giving us the runway to strengthen conservative commitments in the One Big Beautiful Bill. And I am even more grateful for your trust as I continue to represent your values and, to the best of my ability, uphold the convictions we as Oklahomans hold dear.”

Representative Jay Obernolte (R-Calif.):

“The House just passed H.R. 1—a generational opportunity to deliver results for the American people. This legislation extends the 2017 tax cuts, unleashes American energy, reins in the regulatory state, and restores fiscal responsibility to government programs. It offers a compelling roadmap to a stronger, safer, and more prosperous future for our country.”

Representative Mike Carey (R-Ohio):

“As Americans face the largest tax increase in our nation’s history, House Republicans are stepping up to act. The One Big Beautiful Bill Act offers momentous tax relief that will help workers, families, seniors, farmers, and small businesses live the American Dream. Additionally, this bill ensures our border is secure, our energy industry is revitalized, and our economy is unshackled. I urge my colleagues in the Senate to pass this bill and get it to President Trump’s desk so he can sign it and deliver on his America first agenda.”

Representative Chuck Edwards (R-N.C.):

“The One, Big, Beautiful Bill that I debated on the House Floor and cast my vote for today will reduce taxes, secure our border, drive American energy independence, and boost take-home pay. This bill is about standing for working families, economic freedom, and common sense. I look forward to seeing the American Dream become attainable again for even more hard-working Americans with the passage of this historic bill.”

Representative Erin Houchin (R-Ind.):

“The U.S. House of Representatives passed the One Big, Beautiful Bill this morning—delivering on President Trump’s America First agenda.

“This is a bill for hardworking American families. No tax on tips, no tax on overtime, and tax relief for seniors on Social Security. It enhances border security, ramps up deportations of criminal aliens, and unleashes American energy production.

“It also protects and strengthens Medicaid, Medicare, and Social Security for the people who truly need it most—pregnant women, children, individuals with disabilities, and seniors—by ending taxpayer-funded benefits for illegal immigrants and eliminating waste, fraud, and abuse.

“Democrats have been misleading the public for months—but we stayed focused and got the job done.

“Simply put—President Trump and House Republicans are keeping our promises by putting America First and, in doing so, will unlock a new golden age of prosperity for our country from sea to shining sea.”

Representative Addison McDowell (R-N.C.):

“This is why I came to Congress—to fight for working families, defend our borders, and put America First.

“Today, the House delivered on that promise.

“The One Big Beautiful Bill Act locks in permanent tax cuts for families, ends the tax on tips, supercharges American energy, and gives our Border Patrol agents the tools they’ve been begging for to get the job done.

“I’m proud to have helped advance this historic legislation and deliver on the mandate the American people gave President Trump and House Republicans last November.

“Now, the Senate must act. Let’s finish the job and get this bill to the President’s desk.”

Representative Brett Guthrie, Chairman of the House Energy and Commerce Committee (R-Ky.):

“THANK YOU, Mr. Speaker! Your leadership helped bring our House Republican team together to pass the One, Big, Beautiful Bill and benefit the lives of all Americans.”

Representative Mike Kelly, Chairman of the House Ways and Means Subcommittee on Tax (R-Pa.):

“Today, House Republicans fulfilled a promise to deliver tax relief to the American people. This legislation will strengthen working families and small businesses in Pennsylvania and across the United States. Parents will benefit from an expanded Child Tax Credit. We have delivered President Trump’s promise of no tax on tips, overtime, auto loan interest, and tax relief for seniors. And, we are putting more money in the pockets of millions of Americans. We are building on the success of the 2017 Tax Cuts & Jobs Act and we are making sure these pro-growth tax policies will benefit generations to come,” said Rep. Kelly.

“I’m proud to support it.”

Representative Ken Calvert, Chairman of the House Appropriations Subcommittee on Defense (R-Calif.):

“I promised voters that if they sent me back to Congress, I would fight to keep their taxes low – and that’s exactly what this One Big Beautiful Bill does. The passage of the bill will prevent the looming tax increase that would be the largest in our nation’s history. Job growth, take-home pay, and economic opportunities hit historic highs following the passage of the 2017 tax cuts. This bill extends and expands those pro-worker and pro-family policies.”

Representative Rick Crawford, Chairman of the House Intelligence Committee (R-Ark.):

“Last November, Americans delivered a very clear message when they elected President Donald Trump to a second term. They called for historic change. The ball was then in Congress’ court to codify the President’s agenda, which he quickly moved to implement on day one.

“Today, House Republicans are putting Americans’ hard-earned money back into their pockets, making safety net programs better serve those who really need them, strengthening border security, reviving energy dominance, and injecting life back into the economy—all in a fiscally responsible manner.”

Representative Trent Kelly, Vice Chairman of the House Intelligence Committee (R-Miss.):

“This morning, House Republicans passed the One Big, Beautiful Bill – stopping the largest tax hike in American history and advancing President Trump’s America First agenda. Proud to support this groundbreaking legislation.”

MORE FROM THE HOUSE BUDGET COMMITTEE

Read Chairman Arrington’s statement following passage of the One Big Beautiful Bill Act HERE.

Read the One Big Beautiful Bill Act HERE.

Find House Majority Whip Tom Emmer’s (R-Minn.) announced lists of stakeholder support from nearly 1,000 organizations for key policies included in the One Big Beautiful Bill Act, introduced by Budget Chairman Jodey Arrington (R-Texas) HERE.

The U.S. House early Thursday passed a tax package, dubbed President Donald Trump’s “One Big Beautiful Bill.” The measure narrowly passed on a 215-214 vote, with Florida’s congressional delegation breaking along straight party lines.

Here are reactions from Florida’s lawmakers.

U.S. Rep. Aaron Bean, a Fernandina Beach Republican, spoke in favor of the bill on the floor: “It’s a scary time to be a taxpayer in the United States or those that own a small business. Both are facing a tsunami of tax increases, the largest in U.S. history. But Mr. Speaker, I’ve got good news…help is on the way! The One Big Beautiful Bill is real tax relief for real Americans. It’s for those that are paid in tips, hourly workers that are working overtime, for families, and seniors who have been struggling under the weight of inflation. And it is for the 91% of Americans who use the standard deduction. The bill expands the Child Tax Credit, it secures our border, enhances education and health savings options, it unleashes American energy, it will encourage production on U.S. soil. Made In America will mean something once more. So, buckle up America, and put your seat in the upright position because with the passage of this bill, the Golden Age of America is ready for takeoff.”

U.S. Rep. Vern Buchanan, a Longboat Key Republican, released a statement: “The One Big, Beautiful Bill Act is the definition of promises made and promises kept. House Republicans are delivering on the mandate of the American people by providing real relief, expanding opportunities and making the American Dream attainable for all. This bill offers permanent tax relief to families, workers and small businesses while funding the largest deportation effort of criminal aliens in history, unleashing American energy, bolstering our national defense posture and restoring economic prosperity. I’m proud to have helped lead efforts on the Ways and Means Committee to make the 2017 Tax Cuts and Jobs Act permanent and increase the 199A small business deduction to 23% for 30 million small businesses across the country. Our bill includes my longtime priority to secure no tax on tips so workers can keep more of what they earn. We also eliminate taxes on overtime, increase the child tax credit for working families and provide an additional $4,000 for seniors living on a fixed income. This is a commonsense, pro-growth, pro-family, America First bill. We will not stop fighting until we get this bill across the finish line and to the President’s desk.”

U.S. Rep. Kathy Castor, a Tampa Democrat, released a statement: ““The billionaire tax giveaway will hit Floridians particularly hard, as 3.9 million rely on Medicaid and 4.6 million rely on Affordable Care Act (ACA) coverage. The GOP bill takes health care away from children, seniors, pregnant and postpartum women, and people with disabilities to fund a massive tax break for billionaires and big corporations. That is fiscally irresponsible and morally wrong. The bill is chock full of special interest side deals and carve-outs that Republicans tried to hide by having most debate in the wee hours of the morning. Medicaid and the ACA are a lifeline for millions of my neighbors back home in Florida. Slashing essential care means more Floridians will struggle to afford doctor visits, medications, long-term care and critical treatments needed to stay healthy and keep their heads above water. I have fought their shameful attempts to steal from Americans through the night and will not stop fighting to protect the health and well-being of my hardworking neighbors.”

U.S. Rep. Kat Cammack, a Gainesville Republican, released a statement: “The One Big Beautiful Bill Act keeps House Republicans’ promise to the American people and delivers President Trump’s agenda. We’ve worked for months on this bill, working together to deliver the best package for the American people that puts our nation’s safety, security, and economic prosperity first. We’re delivering on our promises to secure the border, make generational investments in our nation’s defense, unleash America’s energy potential to lower costs, avoid the largest tax increase in U.S. history for American families, strengthen Medicaid to ensure it serves its intended population, and eliminate waste, fraud, and abuse from the federal government. I’m proud to share that components of my signature legislative priority—the REINS Act—are included in H.R. 1, requiring congressional approval of major executive branch rules that increase federal spending. This will be a once-in-a-lifetime opportunity to restore Article I power back to the legislative branch and stop the rampant regulatory regime from running wild. No language drains the swamp, empowers the people, or puts as much money back in Americans’ pockets as REINS. When many believed it couldn’t be included in this historic legislation, we worked hard to find a viable path forward to secure these necessary reforms for Florida’s Third and the American people. I am grateful to my colleagues for working together to deliver this win and look forward to our senators’ support for this historic legislation.”

U.S. Rep. Sheila Cherfilus-McCormick, a Miramar Democrat, released a statement: “While House Republicans may have advanced this reckless bill in the dead of night, their catastrophic agenda is clear as day. I voted against their scheme because it would result in almost 14 million Americans losing health insurance, put more than 18 million kids at risk of losing their school meals, and lead to $500 billion in Medicare cuts. In other words, people will get sicker, hungrier, and poorer — all just to give billionaires a massive tax break. I will continue to fight back and do whatever it takes to protect South Florida families and small businesses who stand to suffer if this bill were to be signed into law.”

U.S. Rep. Mario Díaz-Balart, a Hialeah Republican, released a statement: “Once again, House Republicans are delivering on the mandate we promised to the American people under the leadership of President Trump by passing the ‘One, Big Beautiful Bill.’ This legislation responsibly reduces excess spending while protecting vital programs, such as Medicaid and Medicare benefits, for eligible Americans in need. It also provides taxpayers in Florida’s 26th Congressional District with historic tax relief by making President Trump’s highly successful 2017 Tax Cuts and Jobs Act (TCJA) permanent. Had the TCJA been allowed to expire on December 31, 2025, the average taxpayer in FL-26 would have seen a 24% tax hike. Instead, they are guaranteed deductions and get to keep more of their hard-earned money. Additionally, this bill will permanently secure the border and stop the deadly flow of fentanyl into our communities by making major investments in our border patrol agents. It also includes pro-family initiatives, such as expanding the child tax credit, which helps working families keep more of their earnings. Finally, it will unleash American energy and lower costs by reversing the Biden Administration’s burdensome energy policies.”

U.S. Rep. Neal Dunn, a Panama City Republican, posted: “Another huge victory for the House GOP, President Donald Trump, and the American people!”

U.S. Rep. Lois Frankel, a West Palm Beach Democrat, released a statement: ““The GOP Tax Scam kicks nearly 14 million people off their health care, including over 1.4 million in Florida, and takes food away from millions of Americans to give huge tax breaks to billionaires like Elon Musk. It’s cruel, reckless, morally indefensible, and balloons the national debt by more than $5 trillion. That’s why I voted no.”

U.S. Rep. Scott Franklin, a Lakeland Republican, released a statement: “This reconciliation bill is about more than reversing bad policy. It is about securing the future. It roots out waste, fraud and abuse, restores discipline to the budget process and puts America’s long-term interests ahead of short-term politics. We are shifting the focus back to national defense, border security and relief for hardworking families. This plan delivers results now and lays the groundwork for lasting strength. It stops massive tax hikes, ends wasteful subsidies and protects the core pillars of our economy. It also reforms critical programs like Medicaid and the Supplemental Nutrition Assistance Program, ensuring those who rely on these services—and those the programs are intended to help—receive the care and support they need. House Republicans are showing responsible leadership is possible and reaffirming the belief that future generations deserve a stronger, safer and more secure America. I urge the Senate to move swiftly and send this bill to the president’s desk.”

Democratic U.S. Rep. Maxwell Frost spoke against the bill on the floor: “This is a moment I’m never going to forget, because tonight, hundreds of Republican members of Congress are wanting to line up to vote for the biggest transfer of wealth from the working poor and the working class to billionaires and mega-corporations that we’ve seen in this country’s history. This is a deep moment of betrayal, a complete absence of loyalty to the people that we represent, in an abandonment of the values of hard work and dignified life. Mr. Speaker, I’m 28 years old. My generation already expects that we’ll never be able to afford a home, to get out of debt, to retire, to live comfortably. And no, it’s not because we’ve lived beyond our means, but it’s because we’ve been denied the means to live. Donald Trump and congressional Republicans are making it worse, gutting Medicaid and food assistance to give tax cuts to billionaires and special interest and all of the things that you could give tax breaks for. This bill will cut taxes on silencers for guns. For those who don’t know gun, silencers can be attached to a gun to muffle the sound of a gunshot. These silencers make it harder to identify and respond to the source of the gunshots. Earlier, I put forth an amendment to strip this tax cut for the gun lobby, and House Republicans wouldn’t even let it come up for a vote, and then the Republicans made the bill worse in their Manager’s Amendment by making silencers completely unregulated. My question is, why did this get added to the bill just a couple hours ago? Which congressional Republican just couldn’t stand to vote for the horrible bill until it promised even more death to people and so America, we got to be very clear and truthful about this. Budget laws for gun manufacturers to make more money off of the death of children and our people. Food for children to eat, no. health care for seniors, disabled Americans and millions more, no. Resources to help working families fight to ends meet, no. this is why they’ve been told to not host any town halls back in their districts. That’s why this debate is happening in the middle of the night. It’s nothing short of fact and congressional Republicans are really helping me understand why half of this country doesn’t vote. It’s because they’ll look people in the eyes and make promises only to come here in the middle of the night to advance a bill that will take away the benefits that they have earned. Republicans would have us believe that the person more most likely to steal from you is a person in a hoodie, a black person in a hoodie, or immigrant with tattoos. This is to distract from the fact that at least here tonight, the people stealing from Americans are not folks with tattoos and hoodies. It’s people wearing suits and ties and congressional pins, sitting in this capital. Right now, not in some random alley, wrapped in darkness. But in the United States Congress, wrapped in the flag. It is disgusting, and we will never forget this.”

U.S. Rep. Mike Haridopolos, an Indian Harbour Beach Republican, released a statement: “Today, we took a major step forward in keeping the promises we made to the American people. This bill delivers the tax relief Americans need, the border security they deserve, and the economic future our children depend on. We’re cutting taxes on tips and overtime, protecting seniors on fixed incomes, and putting an end to wasteful handouts for those who break our laws. These are real changes that will make life better for working families across Florida and across the country. I’m proud to stand with President Trump and my House Republican colleagues to move this bold, conservative agenda forward.”

U.S. Rep. Brian Mast, a Stuart Republican, posted: “PASSED! We voted to make America great again and prevented the largest tax hike in American history by passing the One Big Beautiful Bill. Time for the Senate to step up and send this to President Trump’s desk. President Trump’s One Big, Beautiful Bill has passed the House and is moving on to the Senate. A HUGE win for Americans! Thank you, President Trump!”

U.S. Rep. Jimmy Patronis, a Fort Walton Beach Republican, released a statement: “Thanks to the incredible leadership of Speaker Johnson and President Trump, the ‘One, Big, Beautiful Bill’ Act will cement into law tax cuts for Americans across the board, hold the federal government accountable through fiscal responsibility, strengthen our borders to keep Americans safe, and provide a real chance for folks to work, raise a family, and live the American dream. I’m proud to have supported this historic legislation alongside my colleagues in the House and encourage its quick passage in the Senate. This ‘One, Big, Beautiful Bill’ is a win for every hardworking American. Better days are ahead.”

U.S. Rep. John Rutherford, a Jacksonville Republican, released a statement: “The One Big Beautiful Bill will give Americans a much-needed tax break AND refocus our country on delivering for the American people. That’s why I voted YES. Contrary to what you are hearing about the One Big Beautiful Bill, it will NOT be a huge deficit bill. In fact, the Congressional Budget Office (CBO) was wrong about the original Tax Cuts and Jobs Act (TCJA) score in 2017. They failed then to account for the tremendous economic growth caused by tax relief for hardworking, middle-class Americans. So, why should we believe them now? This bill will NOT cut Medicaid and SNAP benefits — it WILL strengthen these programs for future generations. The Big Beautiful Bill WILL: Continue to boost our economy; Make President Trump’s tax cuts permanent; Focus resources on permanently closing the Southern Border; Incentivize Made-In-America cars and manufacturing; End taxes on tips and overtime pay; Slash taxes on Social Security, offering historic tax relief to seniors; Increase the Child Tax Credit; Secure more than a trillion dollars in mandatory savings; Cap SALT deductions; Update air traffic control system to ensure Americans fly safely and efficiently; Unleash American energy dominance; Cut Green New Deal policies; Revolutionize our national security and America’s maritime dominance.”

U.S. Rep. Darren Soto, a Kissimmee Democrat, posted: “Democrats stand for middle class tax cuts. What we won’t stand for is RECORD MEDICAID, MEDICARE and NUTRITION CUTS, just to mostly fund BILLIONAIRE TAX CUTS and add $5 TRILLION to the national debt. I voted NO on the Big Ugly Bill.”

U.S. Rep. Greg Steube, a Sarasota Republican, posted: “President Trump’s One Big Beautiful Bill just PASSED the House. Extends Trump’s 2017 TCJA tax cuts, protecting millions from a massive hike; Ends taxes on tips, OT, and auto loan interest; Provides relief for seniors, families, and small businesses; Funds the border wall & boosts deportation of illegal immigrants; Unleashes U.S. energy by cutting red tape and restarting drilling. A huge win for American workers, families, and our country. Now the Senate must deliver on the people’s mandate to enact the America First Trump agenda.”

U.S. Rep. Daniel Webster, a Clermont Republican, posted: “I just voted to pass the ONE, BIG, BEAUTIFUL BILL — fulfilling key promises of President Donald Trump’s America First agenda: Secures the border by completing Trump’s border wall; Prevents the largest tax hike in history; Provides tax relief for senior citizens; Cuts $1.6 trillion in reckless spending. My House GOP colleagues and I are answering the call of the American people. This Big, Beautiful bill will restore fiscal discipline, protect our sovereignty, and renew the American spirit to usher in the next great American century.”

U.S. Rep. Frederica Wilson, a Miami-Dade Democrat, posted: “Republicans just voted to gut health care for nearly 14 million Americans and slash food assistance — just to reward billionaire donors. People will die. Children will go hungry. This bill is simply inhumane. I voted no and we must keep working to defeat this bill!”

The bill now heads to the Senate, where both of Florida’s senators are aligned with Trump’s agenda.

U.S. Sen. Ashley Moody, a Plant City Republican, posted: “We’re committed to passing a reconciliation package that roots out wasteful spending, creates new jobs, and enacts permanent tax cuts and higher take-home pay. The American people deserve real results, real policies, and real leadership. Under President Trump, we are working to delivering that.”

United States House Republicans’ “big, beautiful bill”, a wide-ranging tax and spending legislation, is at a crucial moment.

The nearly 400-page legislation proposes sweeping changes which include extending the 2017 tax cuts, slashing taxes for businesses and individuals, and enacting deep cuts to social programmes like Medicaid and SNAP.

While Republicans tout the bill as a boon for economic growth and middle-class relief, nonpartisan analysts warn it could add trillions to the national debt and strip millions of Americans of medical and food assistance.

The bill will be voted on by the House Budget Committee today and, if passed, will be voted on the floor next week.

The most substantive part of the bill is an extension of the 2017 tax cuts. The tax bill would add at least an additional $2.5 trillion to the national deficit over the next 10 years and decrease federal tax revenue by roughly $4 trillion by 2034.

Passing the legislation will also raise the debt ceiling, which sets the amount of money the government can borrow to pay for existing expenditures, by $4 trillion, a sticking point for hardline Republicans who want deeper cuts.

Here are some of the key measures in the proposed bill in its current form.

Changes for households

The bill increases standard deductions for all Americans. Individual deductions will increase by $1,000, $1,500 for heads of households, and $2,000 for married couples.

The bill extends the child tax credit of $2,000, which would otherwise have ended with the expiration of the 2017 tax cuts at year’s end.

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It bumps up the child tax credit by $500 per child for this tax year and runs through the end of 2028. It also includes a $1,000 savings account for children born between December 31, 2024 and January 1, 2029. The legislation would also allow families to annually contribute $5,000 tax-free.

There is a new tax deduction for Americans 65 and older. The new bill would give a $4,000 annual deduction starting this year for people making a gross income of $75,000 for a single person and $150,000 for a married couple. If passed, the rule would take effect for the current tax year and run until the end of 2028.

“It will just make tax paying more complicated and more uncertain when a lot of these things ultimately expire,” Adam Michel, director of tax policy studies at the right-leaning Cato Institute, told Al Jazeera.

Another provision in the bill modifies state and local tax (SALT) deductions. It allows filers to be able to write off some of what they paid in local and state taxes from their federal filings.

Under the 2017 tax act, that was capped at $10,000, but the new legislation would raise that to $30,000. Some Republicans, particularly those in states with higher taxes like New York and California, have been pushing to raise the cap or abolish it altogether. However, they have faced fiscal hawks and those who see the increases as relief for those already wealthy.

The bill includes an increased benefit for small businesses that allows them to deduct 23 percent of their qualified business income from their taxes, up from the current 20 percent.

There is also a call for no taxes on overtime pay for select individuals. It would not apply to people who are non-citizens, those who are considered “highly compensated employees,” and those who earn a tipped wage.

The bill, however, also eliminates taxes on tips, a critical campaign promise by both Donald Trump and his Democratic rival Kamala Harris. The bill would allow people who work in sectors like food service, as well as hair care, nail care, aesthetics, and body and spa treatments, to specifically deduct the amount of tipped income they receive.

At the federal level, employers will still not be required to pay tipped workers more than the subminimum wage of $2.13 hourly. The intention is that workers will be able to make up the difference in tipping the receipt from customers.

Cuts to the social safety net

The legislation calls to make $880bn in cuts to key government programmes with a focus mostly on Medicaid and food stamps.

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The CBO found that more than 10 million people could lose Medicaid access and 7.6 million could lose access to health insurance completely by 2034 under the current plan.

Even far-right Republicans have called out the Medicaid cuts. In an op-ed in The New York Times this week, Republican Senator Josh Hawley of Missouri said the cuts are “morally wrong and politically suicidal”.

According to a new report from One Fair Wage shared with Al Jazeera, tipped workers could be hit especially hard, as 1.2 million restaurant and tipped workers could lose access to Medicaid.

“A no tax on tips proposal, which is like a minuscule percentage of their income and doesn’t affect two-thirds of tips workers because they don’t earn enough to pay federal income tax, is just nowhere near enough to compensate for the fact that we’re going to have millions of these workers lose the ability to take care of themselves, in some cases go into medical debt, in many cases just not take care of themselves,” Saru Jayaraman, president of One Fair Wage, an advocacy group for restaurant workers, told Al Jazeera.

The bill also introduces work requirements to receive benefits, saying that recipients must prove they work, volunteer or are enrolled in school for at least 80 hours each month.

At the same time, the bill also shortens the open enrolment period by a month for the Affordable Care Act (ACA), otherwise known as Obamacare. This means people who have employer-funded healthcare and lose their job might lose eligibility to buy a private plan on the healthcare exchange.

“It’s taking folks like 11 to 12 weeks to find a new job. The worse the labour market gets, that number will tick up. If you’re unemployed for three months, you get kicked off Medicaid,” Liz Pancotti, managing director of policy and advocacy at the Groundwork Collective, told Al Jazeera.

“Then, if you try to go buy a plan on the ACA marketplace, you are no longer eligible for subsidies … which I think is really cruel.”

Other major proposed cuts will hit programmes like Supplemental Nutrition Assistance Programme or SNAP, which helps 42 million low-income individuals afford groceries and comes at a time when food costs are still 2 percent higher than a year ago. The CBO found that 3 million people could lose SNAP access under the new plan.

The bill would also force states to take up more responsibility in funding the programmes. States would be required to cover 75 percent of the administrative costs, and all states would have to pay at least 5 percent of the benefits — 28 states would need to pay 25 percent.

“States are now going to be on the hook for billions of dollars in funding for these two vital programmes. They have a tough choice. One is, do they cut funding from others like K-12 education, roads, veteran services, etc, to cover this gap, or do they raise taxes so that they can raise more revenue to cover this gap,” Pancotti added.

Under the current law, the federal government is solely responsible for shouldering the cost of benefits. The proposed cuts would save $300bn for the federal government but hit state budgets hard.

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Bill fuels Trump administration priorities

The bill would also cut the $7,500 tax credit for new electric vehicle purchases and $4,000 for a used EV, a move which could hurt several major US automakers that are already reeling from the administration’s tariffs on automobiles.

General Motors pumped billions into domestic EV production in the last year, which has included a $900m investment to retrofit an existing plant to build electric vehicles in Michigan and alongside Samsung, the carmaker invested $3.5bn in EV battery manufacturing in the US.

In February, Ford CEO Jim Farley said that revoking the EV tax credit could put factory jobs on the chopping block. The carmaker invested in three EV battery plants in Michigan, Kentucky and Tennessee. The federal government under the administration of former President Joe Biden paid out more than $2bn in EV tax credits in 2024.

The proposed legislation would also give the Trump administration authority to revoke the tax exempt status of nonprofit organisations that it deems as a “terrorist supporting organisation”. It would give the secretary of the treasury the ability to accuse any nonprofit of supporting “terrorism”, revoke their tax exempt status without allowing them due process to prove otherwise, which has raised serious concerns amongst critics.

“This measure’s real intent lurks behind its hyperbolic and unsubstantiated anti-terrorist rhetoric: It would allow the Treasury Department to explicitly target, harass and investigate thousands of U.S. organizations that make up civil society, including nonprofit newsrooms,” Jenna Ruddock, advocacy director of Free Press Action, said in a statement.

“The bill’s language lacks any meaningful safeguards against abuse. Instead it puts the burden of proof on organizations rather than on the government. It’s not hard to imagine how the Trump administration would use it to exact revenge on groups that have raised questions about or simply angered the president and other officials in his orbit.”

The bill would introduce new taxes on colleges, including a varying tax rate based on the size of a university’s endowment per student with the highest at 14 percent for universities with a per student endowment of more than $1.25m but less than $2m and 21 percent for those of $2m or more.

This comes amid the Trump administration’s increased tensions with higher education. In the last week, the Trump administration pulled $450m in grants to Harvard on top of the $2.2bn it pulled in April — a move which will hinder research into cancer and heart disease, among other areas. Harvard has an endowment of $53.2bn, making it one of the richest schools in the country.

The legislation would also increase funding for a border wall between the US and Mexico, which the administration has argued will help curb undocumented immigration. However, there is no evidence that such a wall has deterred border crossings.

A 2018 analysis from Stanford University found that a border wall would only curb migration by 0.6 percent, yet the bill would give more than $50bn to finish the border wall and maritime crossings. The bill would also provide $45bn for building and maintaining detention facilities and another $14bn for transport.

President Trump left the G7 after firming up a trade deal with the United Kingdom. But he hinted at roadblocks on other fronts, saying Tuesday that Japan was being “tough” in trade talks and the European Union has failed to offer a fair deal.

“We’re talking, but I don’t feel that they’re offering a fair deal yet,” Trump said of the EU, after leaving the summit early to return to Washington, in a move he said was to focus on the Israel-Iran conflict. “They’re either going to make a good deal or they’ll just pay whatever we say they have to pay.”

Trump also said Japan would soon receive a letter he has threatened to send US trading partners who do not reach a deal.

“They’re tough, the Japanese are tough, but ultimately you have to understand we’re just going to send a letter saying, ‘This is what you’re going to pay,'” he said.

Trump also added that pharmaceutical tariffs will be “coming very soon.”

Meanwhile, at the summit, Trump and British Prime Minister Keir Starmer signed the trade deal agreed to last month.

Trump said the US’s relationship with Britain was “just fantastic,” as he stood to Starmer. “We signed it and it’s done,” he added.

US trade talks with Canada are also in focus this week.

Trump said on the first day of the G7 gathering that a trade deal with Canada was possible.

“We have different concepts. I have a tariff concept. Mark has a different concept,” Trump said.

The furious push follows Trump’s warning last week that he would soon send letters setting unilateral tariff rates, raising questions about the status of negotiations and a return to his “Liberation Day” tariffs that roiled markets. Trump instituted a pause on his most punishing duties that expires July 9.

Last week, the US made key progress with China, as the nations agreed to a framework and implementation plan to ease tariff and trade tensions.

Trump and other US officials indicated the deal should resolve issues between the two countries on rare earth mineral exports. Trump said the US would impose a total of 55% tariffs on various Chinese goods.

Read more: What Trump’s tariffs mean for the economy and your wallet

Here are the latest updates as the policy reverberates around the world.

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