Overview

• The legislation passed the Senate on a 50–50 tie broken by Vice President J.D. Vance and overcame a party-line House vote of 218–214 before July 4 signing
• Civil organizations warn that approximately 12 million Americans stand to lose Medicaid or SNAP benefits under the law’s $1 trillion reduction in social welfare spending
• The package locks in $1.7 trillion in historic tax cuts for upper-income households and makes the 2017 Trump tax cuts permanent
• It directs $170 billion toward border enforcement and allocates $150 billion for military modernization
• The Congressional Budget Office projects a $3.3 trillion increase to the federal deficit over ten years, a forecast disputed by the White House as analysts predict intensified midterm election battles