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FIRST ON FOX: An internal memo from House GOP leaders, recently obtained by Fox News Digital, underscores the significant accomplishments included in President Donald Trump’s expansive legislative package. This document highlights the party’s strategic initiatives within what has been dubbed the ‘big, beautiful bill.’
On Thursday morning, House Republicans successfully passed all 1,118 pages of Trump’s ambitious bill after lengthy committee sessions and urgent discussions among party leaders. The final push came with a last-minute intervention from the president, aimed at securing necessary votes.
Late on Wednesday, the leadership finally achieved consensus among multiple factions of the Republican caucus. The late-night adjustments, referred to as a ‘manager’s amendment,’ addressed concerns from both fiscal conservatives advocating for more stringent Medicaid reforms and blue state Republicans advocating for an increase in the state and local tax (SALT) deduction cap.
This comprehensive multitrillion-dollar legislation seeks to advance key elements of Trump’s policy initiatives on taxes, immigration, energy, national defense, and the mounting national debt. Notably, it proposes a reduction in federal spending by about $1.5 trillion. Current estimates indicate that the U.S. government is over $36 trillion in debt, having spent $1.05 trillion more than it has collected during the 2025 fiscal year, according to Treasury Department figures.
The bill also provisions for a $4 trillion increase to the debt ceiling.
The internal memo disseminated to House Republicans encapsulates the party’s primary legislative achievements during this session.
The document reveals that the legislation aims to decrease the deficit by $238 billion through reforms in the Agriculture Committee, with expected savings of $294 billion from adjustments to the Supplemental Nutrition Assistance Program (SNAP). Importantly, $56 billion of these savings will be reinvested into rural communities.
Republicans assert that changes to SNAP will enhance its integrity by mandating states cover a greater share of its costs while incentivizing efficiency at the state level. Additionally, the bill necessitates congressional approval for any increase in enrollment eligibility and introduces work requirements for able-bodied adults without dependent children.
In a significant commitment to defense, the Armed Services Committee has proposed an increase in military spending by nearly $143 billion. This enhancement focuses on improving the quality of life for service members, their healthcare, and family support systems. The bill earmarks billions for expanding military capabilities, technological advancements, and readiness initiatives.
Moreover, $34 billion is designated for shipbuilding, while border security enforcement receives $5 billion. Additionally, the legislation allocates $400 million for various Department of Defense initiatives, including $25 billion for a new missile defense system known as Trump’s Golden Dome.
In terms of education, the legislation aims to reduce the deficit by $349.1 billion through the Education and Workforce Committee, introducing reforms designed to streamline student loan payment options, bolster support for students, and save taxpayer funds. Specifically, the bill proposes caps on federal student aid based on the median cost of college, establishing limits of $50,000 for undergraduate students and $100,000 for graduate students, alongside a lifetime aid limit of $200,000.
The Education and Workforce Committee will also consolidate student loans into two distinct repayment plans, designed with fixed mortgage-like structures or repayment assistance options. Additionally, it establishes a performance-based PROMISE grant program and aims to thwart future attempts at loan forgiveness programs.
On the energy front, the Energy and Commerce Committee, which recently held extensive budget discussions, incorporates a range of Medicaid reforms that have drawn criticism from Democrats due to the extent of cuts proposed. Importantly, the bill includes work requirements for able-bodied adults without dependents, demands cost-sharing from states for adults above the poverty line, and excludes illegal immigrants from enrollment opportunities while imposing reduced state funding for those prioritizing coverage for undocumented individuals.
As part of the ‘big, beautiful bill,’ the Financial Services Committee aims to implement reforms that save taxpayer money while reducing unnecessary federal bureaucracy. Concurrently, the Homeland Security Committee proposes an additional $79 billion to enhance border security, while the Judiciary Committee’s budget anticipates about $7 billion dedicated to curtailing illegal immigration.
Moreover, the Energy and Commerce Committee addresses one of Trump’s major campaign promises by fostering domestic energy production, while also dismantling numerous Biden-era green energy initiatives, including mandates for electric vehicles.
According to the House GOP memo, the Natural Resources Committee’s efforts to align with Trump’s energy agenda include reducing the deficit by $18 billion. The bill reinstates quarterly oil and gas lease sales, requires geothermal lease initiatives, and mandates no fewer than 30 lease sales over the next 15 years in the newly-renamed Gulf of America.
To curb the impact of Biden’s Inflation Reduction Act, the legislation reinstates royalty rates for oil and gas and resumes energy production leasing in federally designated areas, among other reforms.
The Oversight Committee has contributed amendments projected to cut the deficit by $12 billion by discontinuing retirement annuity payments for eligible new federal retirees under age 62. It also permits new federal hires to potentially serve on an ‘at-will’ basis for increased compensation and mandates comprehensive audits of dependents enrolled in federal health plans.
The Ways and Means Committee secures the permanence of the 2017 tax cuts, effectively averting a significant tax hike while delivering on Trump’s commitments. The bill prevents taxes on tips, overtime pay, and car loan interests while extending tax relief measures for seniors. Additionally, it adjusts university endowment taxation and subjects the largest endowments to the corporate tax rate.
This extensive legislative package also ensures that taxpayer benefits do not extend to illegal immigrants by reinforcing requirements for Social Security numbers when claiming any tax credits. It terminates illegal immigrant eligibility for programs such as Obamacare and applies new fees on remittances made by undocumented individuals.
The One Big Beautiful Bill Act attained passage in the U.S. House of Representatives with a narrow margin of 215 to 214. All Democrats opposed the bill, joined by two Republicans: Thomas Massie from Kentucky and Warren Davidson from Ohio, who voted against it, while House Freedom Caucus Chair Andy Harris cast a ‘present’ vote.
Now, the Senate must deliberate its own version of this bill ahead of sending it to Trump’s desk for approval. Republican leaders are eyeing a July 4 deadline, though tensions are expected as the legislative process moves forward.
With a diverse array of implications for the American public and substantial political consequences at stake, the journey of this landmark legislation is just beginning.
