Republicans in Congress are moving with rapid speed to advance President Donald Trump’s big bill of tax breaks, spending cuts and beefed-up border security funding as leaders work to enact many of his campaign promises. House committees have been laboring for months to draft the legislation, which Republicans have labeled “THE ONE, BIG, BEAUTIFUL BILL,’’ a nod to Trump himself. Speaker Mike Johnson is pushing to approve the package and send it to the Senate by Memorial Day. Democrats say they will fight what House party leader Hakeem Jeffries calls “this extreme and toxic bill.” Here’s a look at what’s in and out of the legislative package so far: Tax cuts for individuals and businesses The tax portion of the GOP legislation contains more than $5 trillion in tax cuts, according to an estimate from the Joint Committee on Taxation — costs that are partially offset by spending cuts elsewhere and other changes in the tax code. Republicans look to make permanent the individual income tax cuts passed in President Donald Trump’s first term, plus enact some of the promises he made on the campaign trail to not tax tips, overtime and interest on auto loans. Republicans partially offset the tax breaks by rolling back the clean energy tax credits passed during Joe Biden’s presidency, such as a $7,500 tax credit for electric vehicles, bringing the overall cost of the tax cuts down to about $3.7 trillion. The bill is expected to undergo further changes in the coming weeks. Lawmakers from New York are leading an effort to boost the state and local tax deduction, which the bill would already increase from $10,000 to $30,000 for families making less than $400,000 per year. The legislation provides a deduction for those workers in service industry and other jobs that have traditionally relied on tips. The package provides tax relief for automobile shoppers with a temporary deduction of up to $10,000 on car loan interest, applying the benefit only for those vehicles where the final assembly occurred in the United States. The tax break would expire at the end of Trump’s term. For seniors, there would be a bolstered $4,000 deduction on Social Security wages for those with adjusted incomes no higher than $75,000 for individuals and $150,000 for couples. States to pick up more of the tab for food assistance House Republicans are looking to shift some of the cost of the Supplemental Nutrition and Assistance Program, known as SNAP, to the states. States would shoulder 5% of benefit costs under the bill beginning in fiscal year 2028. The share could also go higher for those states with high rates of overpayments and underpayments. The bill would also require states to pick up 75% of the administrative costs. Currently, states shoulder none of the benefit costs and half of the administration costs. Republicans argue that states will run more their programs more efficiently if they have to cover more of the costs. Republicans also are expanding work requirements for food aid recipients, which under current law applies to individuals without dependents aged 18-54. The bill expands the work requirement through age 64 and exempts only those caring for a dependent child under the age of 7. At the same time, the legislation would invest $60 billion in new money for agriculture […]