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5d ago

House Committees Advance Tax Cuts and Medicaid Reforms in 'Big, Beautiful Bill'

Republicans push forward sweeping legislation extending 2017 tax cuts while cutting Medicaid and clean energy funding, setting up a contentious Senate review.

Youth volunteers package and organize food at the San Antonio Food Bank on March 27, 2025, in San Antonio, Texas.
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Overview

  • The House Ways and Means Committee approved a tax package, including permanent extensions of 2017 tax cuts, in a 26-19 party-line vote after an overnight session.
  • The Energy and Commerce Committee advanced Medicaid reforms projected to save $715 billion but potentially leave 7.7 million uninsured, according to the CBO.
  • Proposed cuts include $880 billion from Medicaid and $6.5 billion from clean energy programs, alongside expedited permitting for fossil fuel projects.
  • Senate Republicans signal significant revisions to protect rural hospitals, address Medicaid work requirements, and adjust clean energy tax credit phase-outs.
  • The bill, which includes $4 trillion in additional borrowing, aims to pass through budget reconciliation and avoid a mid-July debt ceiling crisis.