Trump, bill and US House
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At the center of the sweeping bill is trillions in tax cuts, which Republicans aim to partially offset through changes to safety net programs like Medicaid and SNAP.
House Republicans cleared a major hurdle over the weekend in advancing a sweeping package of President Trump’s tax proposals, along with significant spending cuts and reforms for key federal
If passed into law, the bill would push 7.6 milion people off Medicaid, according to the Congressional Budget Office. Cuts and new conditions for SNAP food aid would save $300 billion over ten years. Trump's 2017 tax cuts would be made permanent, costing $2 trillion over the next decade.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
With just days until Speaker Mike Johnson’s (R-La.) self-imposed Memorial Day deadline, House Republicans are warring over a host of critical issues that threaten to upend the GOP’s plan to pass
According to a 2022 CBO report, the baseline household income for Americans in the lowest tenth of the distribution is $32,200, after taxes and transfers. That figure increases to $444,600 for Americans in the highest tenth of the distribution.