House Passes GOP 'Big Beautiful Bill' Sending Debt-Adding Tax Cuts to Senate
House Passes GOP 'Big Beautiful Bill' Sending Debt-Adding Tax Cuts to Senate

House Passes GOP 'Big Beautiful Bill' Sending Debt-Adding Tax Cuts to Senate

News summary

House Republicans have passed the "One Big Beautiful Bill Act," which primarily extends the 2017 tax cuts but is projected to increase the federal deficit by approximately $3 trillion over ten years, adding to the already massive national debt. The bill includes controversial spending cuts to programs such as Medicaid and federal food assistance, with Republicans defending work requirements and other changes as necessary offsets to signal fiscal responsibility to debt markets. Internal GOP polling suggests that requirements for able-bodied Medicaid recipients to work or perform community service have significant voter support, which party strategists believe could appeal to working-class voters. However, the legislation faces challenges in the Senate, where some Republicans, including Senators Ron Johnson and others, demand deeper spending cuts and may oppose the bill without significant changes. The bill will likely undergo further negotiation in a conference committee before final passage, with President Trump anticipating some amendments. The overall fiscal impact, including increased deficits and debt interest costs, has drawn criticism from fiscal conservatives and analysts who warn that the tax cuts will not generate enough growth to offset the costs.

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Last Updated
23 days ago
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