Senate Plans Major Revisions to House-Passed Trump Tax Bill

House Republicans narrowly passed the "One Big Beautiful Bill," a sweeping tax cut and domestic policy package aligned with President Donald Trump's agenda, after making several last-minute changes to appease holdouts. Key revisions included removing provisions for public land sales in Nevada and Utah, renaming "MAGA" investment accounts to "Trump" accounts, accelerating Medicaid work requirements, and significantly increasing the state and local tax deduction cap. Despite House approval, Senate Republicans, led by Majority Leader John Thune, have signaled that they intend to substantially modify the bill, reflecting ideological divisions and objections particularly around Medicaid reforms and spending levels. Senate Republicans face a narrow majority and internal conflicts between fiscal hawks demanding more spending cuts and centrists wary of drastic changes. President Trump has urged swift Senate action to pass the legislation into law, while Senate leaders emphasize the need for adjustments. The legislative process remains tense with both chambers navigating compromises to advance the bill.