Senate Republicans Pass $3.3 Trillion Tax-Spending Megabill Amid Deep Cuts

Senate Republicans narrowly passed President Donald Trump's $3.3 trillion tax cuts and spending bill, with Vice President JD Vance breaking a 50-50 tie amid intense overnight debate and a lengthy amendment process. The legislation, aimed at making business tax cuts permanent and cutting Medicaid and energy spending, faces opposition both from Democrats and some Republicans in the House, who are wary of the deep cuts and deficit impact. The nonpartisan Congressional Budget Office estimates the bill would increase the deficit by nearly $3.3 trillion over a decade and cause 11.8 million more Americans to be uninsured by 2034. Senate leaders used controversial accounting tactics to offset the cost, but critics call this a budget "magic trick." Despite internal divisions and public backlash, GOP leaders are pushing to meet Trump's July Fourth deadline to send the bill to his desk. Democrats have introduced numerous amendments to counter the bill's provisions, highlighting concerns about Medicaid cuts and the expansion of tax breaks for billionaires.