U.S. Senate Republicans are moving forward with President Trump's tax cut and spending bill, with a goal to pass it before the July 4 holiday. However, a nonpartisan analysis predicts the legislation could add $3.3 trillion to the national debt over the next decade. Senator Mark Warner has highlighted the potential negative impact this legislation could have, particularly concerning health insurance for 16 million Americans. As the Senate prepares to vote, the bill will revert to the House for final approval, before Trump can enact it into law.
Senator Mark Warner warned that the proposed tax cut and spending bill could lead to significant health insurance losses for Americans, potentially haunting Republicans politically.
Republicans are pushing for a swift passage of Trump's legislation despite concerns over its long-term impact on the national debt and social programs.
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