Overview

• Despite initial opposition from Senators Thom Tillis, Ron Johnson and Rand Paul, the bill cleared a 51–49 procedural vote on June 29 when Johnson switched to yes after late negotiations.
• The 940-page legislation would prolong the 2017 tax cuts, increase defense and border-security spending, and finance them by cutting Medicaid benefits and food assistance.
• The Congressional Budget Office warns the House version could add $2.4 trillion to the deficit over ten years, highlighting concerns over the bill’s long-term fiscal impact.
• Senate Democrats led by Chuck Schumer intend to force a full page-by-page reading of the bill to expose its provisions before debate and final votes.
• Elon Musk has vowed to support primary challengers against lawmakers backing the legislation and to launch an 'America Party', prompting President Trump to threaten review of subsidies for Musk’s companies.