Overview

• President Trump posted on Truth Social that any GOP opposition, notably from Sen. Rand Paul, would hand Democrats a 68% tax hike and risk a U.S. debt default.
• Senators Rand Paul and Ron Johnson have publicly objected to the bill’s $5 trillion increase in the debt ceiling and its projected impact on deficits.
• With Republicans holding a one-vote majority, the Senate can lose only three GOP votes if the package is to pass strictly along party lines.
• The nonpartisan Congressional Budget Office estimates that Medicaid reforms in the bill could leave 8.6 million Americans without coverage by 2034.
• Lawmakers must agree on amendments addressing debt limits, Medicaid eligibility and fiscal projections before a July 4 deadline to return the bill to the House.