Summary
The United States Senate is discussing President Donald Trump's new bill, which includes tax cuts and reductions to healthcare and food programs. The Congressional Budget Office (CBO) estimates this bill could increase US debt by $3.3 trillion over ten years and result in 11.8 million more uninsured Americans by 2034. Some Republicans and all Democrats oppose the bill due to its potential impact on healthcare and clean energy.
Key Facts
- The US Senate is debating a new bill from President Trump that includes tax cuts and reductions to healthcare and food assistance.
- The bill is 940 pages long and is referred to as the “Big, Beautiful Bill.”
- The Congressional Budget Office (CBO) expects the bill to increase US debt by $3.3 trillion over a decade.
- The CBO also predicts 11.8 million more Americans could be without health insurance by 2034 if the bill is passed.
- Republican leaders aim to pass the bill before July 4, the US Independence Day.
- Some Republicans have opposed the bill, particularly due to its cuts to Medicaid, a program for low-income people.
- The bill plans to cut $1.2 trillion, mostly from Medicaid and food stamps, by adding work requirements.
- The bill proposes rolling back tax credits for green energy and includes funding for national security and border enforcement.
