Trump's big beautiful bill gets crucial vote to move on. What to know about reconciliation bill details: no tax on tips, overtime or Social Security.

The Congressional Budget Office estimates the Republican bill would shrink resources for low-income households.

President Donald Trump 's "One Big Beautiful Bill Act" is a comprehensive 1,116- page legislative package aiming to reshape U.S. fiscal and social policies. It encompasses extensive tax reforms, spending cuts and policy overhauls across various sectors.

The bill attempts to combine several priorities in Trump's legislative agenda with a clear emphasis on tax cuts.

Trump urges Republicans to pass a major tax bill, facing opposition from Democrats and concerns over increasing the national debt by $3.3 trillion.

A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Goldman Sachs' Alec Phillips.

Among the proposals in the Trump administration's and House Republicans' Big, Beautiful Bill is the elimination of the federal clean vehicle tax incentive.

Investors burned by President Trump’s trade fight now have to contend with a spending megabill that risks swelling the federal deficit.