House Narrowly Passes Trump Tax-and-Spending Bill, Sends Legislation to Senate -- Barrons.com

Dow Jones05-22

By Brian Swint

President Donald Trump's signature tax bill advanced from the House of Representatives early Thursday, sending it over the Senate on the path to becoming law.

The 215-214 vote came early Thursday. Two Republicans opposed it and one voted "present."

In order to overcome objections and get the measure through, Republicans tweaked work requirements to receive Medicaid benefits, end some tax credits for wind and solar energy, and raised the cap on tax deductions for paying state and local taxes.

Democrats in the lower chamber of Congress moved to delay a full floor vote, but weren't able to prevent a vote after a late-night debate. The passage satisfies Speaker Mike Johnson's self-imposed deadline of Memorial Day for passing the legislation.

The bill could be altered further in the Senate. The final step is getting the president's signature.

If it becomes a law, the bill would add to the government's budget deficit and reduce spending on popular programs. Republicans only have a thin majority, and therefore can't afford to lose many votes to defectors.

Write to Brian Swint at brian.swint@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 22, 2025 07:14 ET (11:14 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Two Republicans opposed it and one voted \"present.\" \n</p>\n<p>\n     In order to overcome objections and get the measure through, Republicans tweaked work requirements to receive Medicaid benefits, end some tax credits for wind and solar energy, and raised the cap on tax deductions for paying state and local taxes. \n</p>\n<p>\n     Democrats in the lower chamber of Congress moved to delay a full floor vote, but weren't able to prevent a vote after a late-night debate. The passage satisfies Speaker Mike Johnson's self-imposed deadline of Memorial Day for passing the legislation. \n</p>\n<p>\n     The bill could be altered further in the Senate. The final step is getting the president's signature. \n</p>\n<p>\n     If it becomes a law, the bill would add to the government's budget deficit and reduce spending on popular programs. Republicans only have a thin majority, and therefore can't afford to lose many votes to defectors. \n</p>\n<p>\n     Write to Brian Swint at brian.swint@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. 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Two Republicans opposed it and one voted \"present.\" \n\n\n     In order to overcome objections and get the measure through, Republicans tweaked work requirements to receive Medicaid benefits, end some tax credits for wind and solar energy, and raised the cap on tax deductions for paying state and local taxes. \n\n\n     Democrats in the lower chamber of Congress moved to delay a full floor vote, but weren't able to prevent a vote after a late-night debate. The passage satisfies Speaker Mike Johnson's self-imposed deadline of Memorial Day for passing the legislation. \n\n\n     The bill could be altered further in the Senate. The final step is getting the president's signature. \n\n\n     If it becomes a law, the bill would add to the government's budget deficit and reduce spending on popular programs. Republicans only have a thin majority, and therefore can't afford to lose many votes to defectors. \n\n\n     Write to Brian Swint at brian.swint@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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