Overview

• The House approved President Trump’s “big, beautiful bill” on Thursday by a 218-214 vote with only Reps. Thomas Massie and Brian Fitzpatrick opposing the package.
• Trump is expected to sign the legislation Friday evening, enshrining extensions of the 2017 tax cuts alongside significant cuts to Medicaid.
• Several Republican members in both chambers had expressed reservations over the Medicaid reductions included in the package.
• Veteran Democratic strategist James Carville called the measure a “mass extinction event” on CNN, forecasting the GOP will lose over 40 House seats in the 2026 midterms.
• Carville highlighted a recent poll showing Democrats leading by 20 points in New Jersey compared with a narrow victory margin in 2021 as evidence of shifting electoral dynamics.