Overview
- The 'One Big Beautiful Bill Act' proposes permanent tax cuts, including a higher SALT deduction cap and a $30 million estate tax exemption, offset by $1 trillion in cuts to Medicaid and SNAP programs.
- Moderate Republicans from high-tax states oppose the proposed $30,000 SALT cap, demanding more relief for their constituents and threatening to block the bill.
- Conservative lawmakers, such as Rep. Chip Roy, argue the spending cuts are insufficient and warn the bill could increase federal deficits.
- Speaker Mike Johnson is negotiating through the weekend to address factional disputes, aiming to secure the slim GOP majority needed for passage.
- The bill is set for a Rules Committee review on Monday, with a House floor vote planned for next week, as leadership pushes to meet its self-imposed timeline.