Overview
- The House Budget Committee rejected President Trump's 'One Big Beautiful Bill' on Friday with a 16-21 vote, driven by fiscal conservatives' demands for deeper spending cuts and immediate Medicaid work requirements.
- Rep. Chip Roy and other hardliners are pushing for $400 billion in green energy subsidy clawbacks and earlier implementation of Medicaid work requirements, currently set to begin in 2029.
- The proposed legislation includes $1.5 trillion in spending cuts, an extension of Trump’s 2017 tax cuts, and a $4 trillion debt ceiling increase, but nonpartisan analysts warn it could add up to $5.2 trillion to the deficit over the next decade.
- House Speaker Mike Johnson and GOP leaders are working to reconcile intraparty differences and secure a committee vote Sunday night to advance the bill before the self-imposed Memorial Day deadline.
- Former Speaker Kevin McCarthy criticized the failure to advance the bill as a 'real misstep,' while Sen. Rand Paul labeled the proposal a 'slap in the face' for conservatives due to its significant debt ceiling hike.