Overview

• The House Budget Committee advanced the legislation in a 17-16 vote late Sunday, with four conservative Republicans shifting to 'present' after prior opposition.
• The bill extends Trump’s 2017 tax cuts, introduces new tax breaks, increases border and defense spending, and imposes Medicaid work requirements starting in 2029.
• Conservative holdouts are pressing for accelerated Medicaid work requirements and deeper cuts to green energy subsidies, while moderates seek higher SALT deduction caps.
• Independent estimates project the bill could add up to $4.8 trillion to the deficit over the next decade and result in millions losing Medicaid coverage.
• The bill now moves to the House Rules Committee, with Speaker Mike Johnson targeting a full House vote by Memorial Day.