Subsidies for clean power would end years earlier in a giant tax and spending bill narrowly passed by the Republican-led House of Representatives early Thursday, driving down shares of solar companies including Sunrun Inc.

The CBO said the GOP’s megabill would lead to $500 billion in cuts to Medicare. Two days later, 215 House Republicans voted for it anyway.

Last-minute revisions to the multitrillion-dollar economic package, like speeding up Medicaid work requirement timelines, pushed President Donald Trump's "big beautiful bill" to House passage during an overnight session.

On May 12, 2025, the House Ways and Means Committee released the text of the proposed tax legislation titled “The One, Big, Beautiful Bill”

Extending the 2017 tax cuts alone could save the typical household $2,900, but the legislation also affects overtime, tips and health care.

U.S. President Donald Trump's massive tax and spending bill cleared an important procedural hurdle in the Republican-controlled House of Representatives on Wednesday, when a gatekeeper committee approved the measure and set up a floor vote for passage to occur within hours.

The House Budget Committee, by a 21-16 vote on May 16, 2025, blocked a massive tax bill that would roll back portions of the federal energy tax

Both the House and Senate versions are structured as deductions, not full exclusions of tips from taxable income. So, workers would still report their tips and claim the deduction when filing their taxes, rather than having tips automatically excluded from taxable income.