Overview

• The House Rules Committee approved the Senate’s reconciliation text 7–6 after nearly 12 hours of debate, advancing it to a final vote as early as Wednesday evening.
• With just a 220–212 majority, Republican leadership faces pressure from holdouts—Representatives Thomas Massie, Chip Roy and Ralph Norman—who object to rising deficits and steep Medicaid cuts.
• The Senate package would enshrine $4.5 trillion in tax cuts, including permanent 2017 rates, no taxes on tips and a $40,000 SALT cap, plus roughly $350 billion for defense and immigration enforcement.
• Major reductions to Medicaid and SNAP, backed by new work requirements, are forecast by the CBO to strip health and food aid from 11.8 million people over ten years and add $3.3 trillion to the deficit.
• Any floor amendments would send the bill back to the Senate and risk missing President Trump’s July 4 deadline for enactment.