Overview
- The Republican Study Committee released a menu of options for a party-line bill that it says could reduce deficits by roughly $1 trillion based on about $1.6 trillion in spending cuts.
- The plan emphasizes energy deregulation, including streamlined permitting, curbs on efficiency rules, fees tied to environmental lawsuits, and new limits on state pollution waivers.
- Republicans propose routing Affordable Care Act subsidies into Health Savings Accounts and codifying Trump-era drug pricing actions to lower costs.
- Housing measures include new Home Savings Accounts and the proposed NEST Act to help first-time buyers save tax-free for down payments.
- Process risks include Byrd Rule constraints despite an RSC AI tool to draft compliant text, a razor-thin House margin, Speaker Mike Johnson’s noncommittal stance on this framework, and Trump’s earlier skepticism about a second bill.