The U.S. Senate started multiple votes on a significant tax cut package aimed at benefiting wealthy individuals, backed by large cuts to health insurance and nutrition programs for lower-income populations. President Trump is pushing to have the bill passed before the July 4 holiday. The Congressional Budget Office estimates this package will increase the national deficit by $3.3 trillion over the next ten years. The bill includes severe cuts to Medicaid, affecting millions of Americans, prompting concerns from some GOP senators about its implications.
The U.S. Senate began a marathon series of votes on a sweeping package of tax cuts that largely benefit the wealthy, financed by cuts to health insurance and nutrition programs.
President Trump wants the tax cuts packaged into one bill, aiming for Senate approval before the July 4 holiday, after previously passing a different version in the House.
The Congressional Budget Office projects the Senate package will add $3.3 trillion to the national deficit over the next decade, demonstrating significant fiscal implications.
The largest spending cuts in the Senate version would come from Medicaid, impacting over 70 million lower-income Americans, raising concerns among several GOP senators.
Collection
[
|
...
]