Overview

• Senate Majority Leader John Thune has launched small GOP working groups to hash out key provisions on Medicaid cuts, SNAP funding, provider taxes and energy tax credits.
• A memo from House conservatives urges deeper limits on Medicaid FMAP, rollbacks of green energy incentives and higher fees on migrant remittances.
• Moderate senators Susan Collins, Lisa Murkowski and Jerry Moran warn that cuts to Medicaid, ACA premium subsidies and SNAP could imperil rural hospitals and low-income families.
• Fiscal hawks including Rand Paul, Ron Johnson and Rep. Thomas Massie criticize the bill’s deficit impact and warn of inflation risks, with Elon Musk calling it a “disgusting abomination.”
• The House-passed reconciliation measure is projected by the CBO to add $2.4 trillion to the national debt and must return to the House if amended before a self-imposed July 4 approval target.