Overview

• The House Budget Committee narrowly approved the 1,116-page bill in a 17-16 vote, advancing it to the Rules Committee for further review before a full House vote.
• The bill makes the 2017 Trump-era tax cuts permanent, eliminates federal taxes on tips and overtime, and introduces MAGA savings accounts for newborns with a $1,000 credit.
• Provisions include $46.5 billion for border wall construction and $350 billion for expanded deportation efforts, alongside cuts to Medicaid and ACA subsidies projected to increase the uninsured population by millions.
• The Committee for a Responsible Federal Budget estimates the legislation would add $3.3 trillion to the national debt by 2034, with some GOP lawmakers pushing for deeper spending cuts.
• President Trump is set to meet with House Republicans on Tuesday to rally support, as the party remains divided over Medicaid work requirements and the bill’s long-term fiscal impact.