Trump's big beautiful bill gets crucial vote to move on. What to know about reconciliation bill details: no tax on tips, overtime or Social Security.

After a meeting with former President Donald Trump on Tuesday, House Speaker Mike Johnson praised the “Big Beautiful Bill” — officially titled the One Big Beautiful Bill Act — which proposes sweeping federal spending cuts and permanent tax reductions.

The Congressional Budget Office estimates the Republican bill would shrink resources for low-income households.

The bill attempts to combine several priorities in Trump's legislative agenda with a clear emphasis on tax cuts.

Oklahoma Representative Josh Brecheen emerges as a key influence in shaping the One Big Beautiful Bill Act, focusing on tax cuts, border security, and spending reductions.

President Donald Trump 's "One Big Beautiful Bill Act" is a comprehensive 1,116- page legislative package aiming to reshape U.S. fiscal and social policies. It encompasses extensive tax reforms, spending cuts and policy overhauls across various sectors.

House Speaker Mike Johnson (R-LA) is hoping for a floor-wide vote by Wednesday or Thursday, but there are many "unsolved issues" left to discuss on the "big, beautiful bill."

A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Goldman Sachs' Alec Phillips.