Overview

• The Senate is revising the bill with amendments to Medicaid eligibility, SNAP benefits and energy tax credits ahead of a potential July 4 vote.
• A CBO report finds the legislation’s tax cuts would boost household resources by $3.1 trillion while shrinking in-kind benefits by $1 trillion.
• Lowest-income families would lose about $1,600 annually under the bill, largely because of reduced Medicaid and SNAP benefits.
• Households in the top 10 percent would see average gains of around $12,000 per year and middle-income Americans would gain $500 to $1,000.
• Some senators warn the package could widen the federal deficit and pressure state budgets as social programs face deeper cuts.