On July 4th, 2025, President Trump signed the "One, Big, Beautiful Tax Bill" into law, following passage by both the House and the Senate. The Senate passed the bill on Tuesday, July 1st, 2025, by the narrowest possible margin—51-50—with Vice President J.D. Vance casting the tie-breaking vote. The House subsequently approved the Senate version without amendment, sending the bill to the President just in time for his self-imposed July 4th deadline.
We have prepared a comprehensive chart below th