On May 22, 2025, the U.S. House of Representatives narrowly passed President Donald Trump's comprehensive legislative package, known as the "One Big Beautiful Bill," with a 215-214 vote. The bill includes extensions to the 2017 tax cuts, elimination of taxes on tips and overtime pay, and the introduction of $1,000 savings accounts for newborns. It also imposes stricter work requirements for Medicaid recipients and reduces funding for clean energy initiatives. The legislation now moves to the Senate for further consideration.