Trump, Senate and tax
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Presented by Express Scripts Pharmacy Benefit Services{beacon} Health Care Health Care The Big Story Senate panel clears FDA appropriations The Senate Appropriations Committee
The Senate bill effectively phases out renewable energy tax credits after 2026 if projects haven't started construction.
The bill, ushered through Congress by Republican leadership and signed by Trump Friday, includes $4.5 trillion in tax cuts, slashes spending on Medicaid, and creates temporary tax deductions for overtime and tipped income. It includes $170 billion for immigrant detention and for new personnel for Immigration and Customs Enforcement.
Senate GOP unveiled changes to health care policies in tax legislation in a bid to win over Republican holdouts and pass muster with budget rules.
The bill would extend tax cuts from Trump’s first term and slash more than $1.1 trillion from Medicaid and other health-care programs.
House Speaker Johnson says President Trump's "big, beautiful bill" will help the GOP in the midterms. Key Senate races are now in the spotlight as Republicans aim to hold their slim majority in 2026.
19hon MSN
Key Points President Trump's "big, beautiful bill" includes major changes to federal spending and tax policies.The Congressional Budget Office estimates that the bill could increase the national debt by $3 trillion during the next decade.