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TopicBig Beautiful Bill status topic.
UnsteadyOwl
06/30/25 8:57:22 AM
#10:


https://www.reuters.com/world/us/us-senate-pushes-ahead-trump-tax-cuts-nonpartisan-analysis-raises-price-tag-2025-06-29/

Today the Senate is voting on amendments to the bill before it goes to a final vote.

The bill extends the 2017 tax cuts (primarily for the rich) that otherwise would expire at the end of this year. Among other things, the bill includes major cuts to Medicaid which could result in millions losing their health coverage. It also raises the debt ceiling by $5 trillion.

The Congressional Budget Office is projecting the current Senate bill would add $3.3 trillion to the national debt over the next decade, $800 billion more than the version passed in the House. Republicans are saying the CBO estimate is wrong because the cost of extending the Trump tax cuts shouldn't be figured in to the impact on the national debt for some reason.

Thom Tillis (R) of North Carolina voted against advancing the bill earlier because of how much it would cut Medicaid in his state. He was attacked by Trump on social media then subsequently announced he would not be running for re-election.

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