House Republicans Target Memorial Day Passage of $18.5 Billion-Saving 'One Big, Beautiful Bill' with Tax Cuts, Energy, Border Security

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Updated May 7, 2025, 04:00 PM

House Republicans are progressing toward passing a comprehensive budget reconciliation bill, informally dubbed the "One Big, Beautiful Bill," aimed at advancing former President Donald Trump's agenda. The legislation is on track to be passed by Memorial Day or shortly thereafter, according to House Speaker Johnson. The bill includes provisions to make the 2017 tax cuts permanent, increase funding for border security and defense, and expand oil and gas drilling on federal lands, particularly in Alaska and the Gulf of Mexico. The House Natural Resources Committee has advanced its portion of the bill, which is projected to save taxpayers $18.5 billion through spending cuts and increased revenue. Republican leaders emphasize that the bill will promote American energy dominance, reduce wasteful spending, and restore fiscal responsibility. Multiple House committees are involved in markups of the bill's components, including Energy and Commerce and Ways & Means, with coordination between GOP leaders and the White House. The legislation also aims to support veterans and their families through the passage of related bills. The package represents a multitrillion-dollar effort to deliver tax breaks, spending cuts, and policy priorities aligned with Trump’s economic and security goals.

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#House Republicans #Donald Trump #Memorial Day #House #Johnson #Alaska #Gulf of Mexico #House Natural Resources Committee #Republican #American #GOP #White House #Trump

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Sources

washingtonexaminer.com economictimes.indiatimes.com youtube.com zerohedge.com

Washington Examiner

@dcexaminer

GOP advances energy portion of Trump tax bill, adding last minute public land sales https://t.co/oHGuFwbnqn

Jamie Dupree

@jamiedupree

House GOP 'big, beautiful bill' vibe check https://t.co/uSymg7trpr

Rep. Tim Walberg

@RepWalberg

Last night, @NatResources advanced our portion of the one big, beautiful bill that generates over $18.5 billion in savings and new revenue for the federal government. The bill also advances President Trump’s America First agenda by unleashing domestic energy production and https://t.co/8x7cZQ9VfO