Overview

• After a marathon 22-hour debate and vote-a-rama, Vice President J.D. Vance cast the tie-breaking ballot to carry the bill through the Senate.
• The “great and beautiful” package reinstates 2017 tax cuts for the ultrawealthy, removes Biden-era clean energy incentives and cuts $1.1 trillion from Medicaid and SNAP, while the CBO projects a $3.3 trillion deficit increase over ten years.
• With a razor-thin 53-47 majority, Senate Republicans tolerated only three defections and Majority Leader John Thune met with holdouts to secure the necessary votes.
• President Trump escalated public pressure on dissenting senators like Thom Tillis and Rand Paul via Truth Social, warning of electoral repercussions.
• Tesla CEO Elon Musk criticized the legislation as a “repugnant abomination” and threatened to establish a rival political party if it becomes law.