Overview

• GOP leaders released an updated 940-page bill late Friday reflecting parliamentarian rulings that barred roughly $600 billion in healthcare cuts and reinserted revisions such as a delayed Medicaid provider tax with a $25 billion rural hospital fund.
• Senate Majority Leader John Thune scheduled the procedural vote for Saturday aiming to open debate under the budget reconciliation process, which requires only 50 votes but allows for no more than three GOP defections.
• Senators Ron Johnson and Rand Paul have pledged to oppose the initial motion to proceed until they can fully review the legislation and address concerns over the proposed $5 trillion debt ceiling increase.
• The legislation would extend President Trump’s 2017 tax cuts, lift the SALT deduction cap to $40 000 through 2029 then revert to $10 000, boost military and border security spending, and cut programs like Medicaid, SNAP and clean energy funding.
• President Trump has hosted holdout senators at his Virginia golf course and publicly urged passage by July 4 to solidify his signature One Big Beautiful Bill Act.