Summary
The U.S. Senate, with a narrow 51-to-50 vote involving the Vice President's tie-breaking decision, passed a significant tax bill promoted by President Donald Trump. The bill includes reductions in social programs and tax cuts that some argue primarily benefit the wealthy, and is now heading to the House of Representatives for a final vote.
Key Facts
- The Senate passed the tax bill with a 51-to-50 vote; the Vice President cast the deciding vote.
- The bill includes extensions of President Trump's 2017 tax cuts.
- It proposes reductions to social programs like Medicaid and SNAP (a program that helps low-income people buy food).
- The bill could add $3.3 trillion to the national debt.
- Approximately 11.8 million people might lose Medicaid coverage if the bill becomes law.
- The House of Representatives is set to vote on the bill next.
- President Trump hopes to pass the bill by July 4, Independence Day.
- Some Republicans and Democrats criticize the bill for benefiting the wealthy and harming low-income Americans.
