Overview

• President Trump's proposed legislation aimed to permanently extend his first-term tax cuts, offset by cuts to Medicaid and other social programs.
• Five conservative Republicans on the House Budget Committee opposed the bill, citing deficit concerns and insufficient spending reductions.
• The committee's procedural vote failure marks a significant setback for Trump and House Speaker Mike Johnson, though efforts to revive the bill are ongoing.
• Trump urged party unity on Truth Social, calling the proposal the 'big, beautiful Bill' and warning against 'self-promoters.'
• Committee leaders scheduled a new vote for Sunday after a week of contentious discussions, including a 17-hour marathon session earlier in the week.