$1k for newborns and tax cuts: What is in Trump's 'one big beautiful bill'

Donald Trump's "One Big Beautiful Bill Act" narrowly advanced through the Budget Committee, aiming for a full House vote before Memorial Day. The bill encompasses tax relief, immigration enforcement, entitlement reform, and defense spending. It proposes tax cuts, border wall construction, Medicaid work requirements, 'MAGA' accounts for newborns, and defense spending increases, while overhauling student loan programs.

$1k for newborns and tax cuts: What is in Trump's 'one big beautiful bill'
Donald Trump's "One Big Beautiful Bill Act" narrowly advanced through the Budget Committee, aiming for a full House vote before Memorial Day. The bill encompasses tax relief, immigration enforcement, entitlement reform, and defense spending. It proposes tax cuts, border wall construction, Medicaid work requirements, 'MAGA' accounts for newborns, and defense spending increases, while overhauling student loan programs.