The Republican-led House narrowly passed President Donald Trump’s sweeping tax and spending bill late early Thursday morning, sending the package to the Senate where it is likely to be revised.

A lot of the coverage for why the bond market doesn’t like the “big, beautiful bill” focuses on the fact that its policy changes will increase government debt by slashing taxes without raising anywhere near an equal amount of revenue elsewhere.

After the House passed President Donald Trump’s “one big, beautiful bill” by a single vote on Thursday, the Senate is

America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans and Democrats came together to pass a forceful, and expensive, emergency response that helped prevent permanent scarring to the economy.

The bill passed the House on Thursday, May 22, with all Democrats and two Republicans voting against it after an-all night debate.

The House of Representatives passed the “one big, beautiful bill” Thursday morning, but not before the House Rules committee introduced

The text of the Big, Beautiful Bill states that the federal government will "propose for each year the following registration fee" of $250 for a covered electric vehicle and $100 for a covered hybrid vehicle.

As it stands now, the bill would increase the amount of money Louisiana receives from offshore oil and gas production — revenue that must be used for coastal protection and restoration.

All five of Oklahoma's representatives voted in support of the measure dubbed " one big, beautiful bill," as party lines hold firm.

The bill lowers the age of dependents from under 18 to under seven years old, but only in the context of Supplemental Nutrition Assistance Program.