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Trump’s sweeping bill blends tax cuts with spending rollbacks. Learn how the proposed changes could affect your income, benefits, and long-term financial security.

House Republicans have passed a significant legislative package backing President Donald Trump’s latest economic and social agenda, according to reporting from ABC News. Officially titled the “One Big Beautiful Bill Act,” the proposal blends tax cuts, spending changes, border security investments, and social policy overhauls into more than 1,000 pages of legislation.