Overview

• Senators left Washington on June 18 without agreeing on revisions to the One Big Beautiful Bill ahead of a self-imposed July 4 deadline.
• Leader John Thune intends to bring the bill to the floor next week under budget reconciliation but currently lacks the 51 votes required for passage.
• Moderate and conservative Republicans have expressed alarm at proposed Medicaid provider tax cuts that would reduce the rate from 6 percent to 3.5 percent by 2031.
• Opposition has coalesced around the Senate’s $5 trillion debt ceiling increase, $10,000 cap on SALT deductions and a softened rollback of green energy tax credits.
• Some senators, including Ron Johnson, are proposing breaking the package into smaller bills or delaying the vote to resolve deep divisions over spending and tax provisions.