Summary
Senate Republicans passed a tax and spending bill by a 50-50 vote, with Vice President JD Vance casting the decisive vote. The bill, which includes tax cuts and spending reductions, now returns to the House for further approval and changes, especially those affecting Medicaid, may face more challenges.
Key Facts
- The vote on the bill was tied at 50-50, with Vice President JD Vance casting the tie-breaking vote.
- Three Republican senators and all Democrats voted against the bill.
- The bill is known as the "One Big Beautiful Bill Act" and mainly focuses on tax cuts and spending reductions.
- Changes were made to Medicaid in the Senate version, leading to concerns about millions losing health care.
- The bill is now sent back to the House, which had previously approved a different version.
- The Congressional Budget Office estimated the bill could increase the deficit by nearly $3.3 trillion over ten years.
- The bill could result in 11.8 million more Americans becoming uninsured by 2034.
