On May 22, the House of Representatives passed H.R. 1, “The One, Big, Beautiful Bill Act,” legislation authorized under the FY 2025 concurrent budget resolution (H. Con. Res. 14). The bill includes a broad range of tax-and-spending provisions developed by 11 House committees. Title XI, the Ways and Means Committee’s tax title, includes tax provisions adopted by the committee on May 14, after a 17-hour markup.
While the House Rules Committee worked to adopt the rule governing debate and the amendment process for H.R. 1 by the full House on May 21, a “Manager’s Amendment” was negotiated to address concerns raised by fiscal conservatives and the Republican SALT caucus. The amendment made technical changes, as well as substantial changes, in particular to the energy-tax credits and the state and local tax (SALT) deduction. With the Manager’s Amendment, the Rules Committee was able to complete its markup and advance the bill to the House Floor on May 22 and final passage by a vote of 215-214. The legislation now moves to the Senate, where lawmakers are expected to make significant changes to address Senate priorities.
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