Senate, Medicaid and SALT
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Republicans must overcome intraparty divides to get legislation to Trump’s desk by July 4 target.
The U.S. Senate Finance Committee has released some of the final pieces of Republicans' multitrillion-dollar budget reconciliation bill implementing President Donald Trump’s policy priorities.
The new legislative proposal, which includes more aggressive cuts to Medicaid and a lower SALT cap, threatens a goal of passing President Trump's tax-cut legislation by July 4.
Proposed changes have reportedly angered some House Representatives, and differing views on the legislation could make passing Trump's bill difficult.
The business community has some clear wins in a Senate version of President Trump's 'big beautiful bill,' but it isn’t getting everything it wants.
The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.
US businesses and wealthy universities scored major wins in the Senate Republicans’ version of President Donald Trump’s tax bill, while low-income Americans and clean energy providers are poised to be hit the hardest.
A fresh Republican rift over taxes burst into public view Monday, as New York House Republicans slammed Senate GOP leaders for reportedly backing a plan to preserve the $10,000 cap on state and local tax deductions.