Overview

• House committees have advanced a reconciliation bill pairing over $5 trillion in tax cuts with $1.9 trillion in spending reductions, including steep Medicaid and SNAP cuts.
• The Congressional Budget Office estimates the proposed Medicaid and SNAP reforms would leave 7.6 million fewer people insured and 3 million fewer participants in food assistance programs monthly.
• Intraparty GOP divisions persist, with conservatives demanding deeper Medicaid cuts and faster implementation of work requirements, while moderates push for higher SALT deduction caps.
• Senate Republicans, including Susan Collins and Ron Johnson, signal significant changes to Medicaid financing, clean energy credits, and tax provisions, casting doubt on the bill's current form.
• Speaker Mike Johnson aims for a House vote by Memorial Day, but the narrow GOP majority faces challenges in uniting factions to pass the sweeping legislation.