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Factbox-Major aspects of Trump’s tax and spending megabill

By Thomson Reuters Jul 2, 2025 | 10:32 AM

By Andy Sullivan

WASHINGTON (Reuters) -The Republican-controlled Congress could soon give final approval to a sweeping tax and spending bill that incorporates many of President Donald Trump’s top domestic priorities.

Here is a summary of the major elements of the legislation, which Trump hopes to sign into law by the July 4 Independence Day holiday:

TAXES

HEALTHCARE

ENERGY AND ENVIRONMENT

IMMIGRATION

STUDENT AID

FOOD ASSISTANCE

DEBT

OTHER PROVISIONS

(Reporting by Andy SullivanEditing by Frances Kerry)