Illustration: Annelise Capossela/Axios
The House gave a reluctant signoff to the Senate-passed reconciliation bill Thursday, sending it to President Trump's desk on a 218-214 vote after GOP leaders spent another all-nighter pinning down the votes.
The big picture: This is the biggest domestic policy package in years — and legacy-defining legislation for Trump and the GOP majorities in the House and Senate.
- It's going to become law despite all of the doubts voiced by many Republicans and virtually all Democrats.
- It includes the biggest rewrite of Medicaid in decades and a sharp phaseout of IRA energy tax credits along with an extension of Trump's 2017 tax cuts.
- Two House Republicans, Reps. Thomas Massie and Brian Fitzpatrick, voted against the final package.
What's inside: The bill contains a number of tech-related provisions, though the biggest one, a moratorium on state-level AI regulation, got eliminated before it was sent to the House.
Here's what made it into the final package:
- Spectrum: The bill re-authorizes the FCC's spectrum auction authority through 2034 and requires that it auction off 500 MHz of federal and 300 MHz of non-federal spectrum.
- R&D credit: The legislation includes a provision allowing businesses to fully deduct many software development and other R&D costs, including certain employee salaries, from their taxable income the first year they're incurred. Startups and smaller tech companies pushed to keep this provision in the bill.
Read more on Axios.com.
