Trending Now
SCOOP: Dem fundraising giant ActBlue hit with subpoena by top House...
Dems seek retaliation over GOP cuts as Thune calls for ‘cooperation’...
GOP lawmakers advocate for US condemnation of persecution against Christians in...
‘Not going away’: Inside the Epstein drama that’s thrown House GOP...
Goldman Sachs warns of slower US growth amid rising tariff pressures
Obama denies Trump’s ‘bizarre allegations’ that he was Russiagate ‘ringleader’ in...
Huckabee hits back at Western countries that ‘side’ with terror group...
Jeffrey Epstein case reopens focus on Ghislaine Maxwell as deputy AG...
Musk may not be done with US politics: report
Trump calls for Obama to be criminally investigated, says he was...
SCOOP: Dem fundraising giant ActBlue hit with subpoena by top House...
Dems seek retaliation over GOP cuts as Thune calls for ‘cooperation’...
GOP lawmakers advocate for US condemnation of persecution against Christians in...
‘Not going away’: Inside the Epstein drama that’s thrown House GOP...
Goldman Sachs warns of slower US growth amid rising tariff pressures
Obama denies Trump’s ‘bizarre allegations’ that he was Russiagate ‘ringleader’ in...
Huckabee hits back at Western countries that ‘side’ with terror group...
Jeffrey Epstein case reopens focus on Ghislaine Maxwell as deputy AG...
Musk may not be done with US politics: report
Trump calls for Obama to be criminally investigated, says he was...
Insider Dealing News
  • Stock
  • Investing
  • Politics
  • World News
  • Editor’s Pick
World News

Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

by June 16, 2025
written by June 16, 2025

A Senate panel charged with some of the most hot-button portions of President Donald Trump’s ‘big, beautiful bill’ unveiled its portion of the gargantuan package on Monday.

The Senate Finance Committee, which has jurisdiction over tax policy, Medicaid and a slew of other items baked into the House GOP’s version of the bill, released its text as Republicans sprint to finish work on the president’s bill ahead of a self-imposed July 4 deadline.

The committee, chaired by Sen. Mike Crapo, R-Idaho, had to walk a perilous tightrope with their legislation, given the push and pull surrounding divisive cuts to Medicaid, an increase to the state and local tax (SALT) deduction cap and other provisions in the House’s version of the bill.

Crapo lauded the bill in a statement, and noted that it made the president’s 2017 Tax Cuts and Jobs Act permanent, slashed ‘Green New Deal’ spending and targeted ‘waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable.’ 

‘I look forward to continued coordination with our colleagues in the House and the Administration to deliver President Trump’s bold economic agenda for the American people as quickly as possible,’ he said. 

While House Speaker Mike Johnson, R-La., pleaded with Senate leaders to change the bill as little as possible after narrowly passing the bill in the House, particularly on the compromises he reached on SALT and Medicaid, the Senate has vowed to leave its imprint on the package. 

Crapo and Republican committee members have similarly had to navigate divisions in the upper chamber, particularly around Medicaid tweaks to provider payments and an increase to the SALT cap to $40,000 — a change needed to ram the bill through the House, but one Senate Republicans dislike. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
FLASHBACK: Trump launched his first presidential campaign ten years ago
next post
‘It’s wrong’: Hawley warns Senate GOP not to boot Americans from Medicaid in Trump megabill

Related Posts

Dems seek retaliation over GOP cuts as Thune...

July 22, 2025

GOP lawmakers advocate for US condemnation of persecution...

July 22, 2025

‘Not going away’: Inside the Epstein drama that’s...

July 22, 2025

China denies wrongdoing in preventing dozens of Americans...

July 22, 2025

Salvadoran president responds to Hunter Biden’s invasion threat:...

July 22, 2025

Obama denies Trump’s ‘bizarre allegations’ that he was...

July 22, 2025

Huckabee hits back at Western countries that ‘side’...

July 22, 2025

Jeffrey Epstein case reopens focus on Ghislaine Maxwell...

July 22, 2025

Trump calls for Obama to be criminally investigated,...

July 22, 2025

SCOOP: Dem fundraising giant ActBlue hit with subpoena...

July 22, 2025

Dems seek retaliation over GOP cuts as Thune...

July 22, 2025

GOP lawmakers advocate for US condemnation of persecution...

July 22, 2025

‘Not going away’: Inside the Epstein drama that’s...

July 22, 2025

China denies wrongdoing in preventing dozens of Americans...

July 22, 2025

Salvadoran president responds to Hunter Biden’s invasion threat:...

July 22, 2025

Obama denies Trump’s ‘bizarre allegations’ that he was...

July 22, 2025

Huckabee hits back at Western countries that ‘side’...

July 22, 2025

Jeffrey Epstein case reopens focus on Ghislaine Maxwell...

July 22, 2025

Trump calls for Obama to be criminally investigated,...

July 22, 2025

SCOOP: Dem fundraising giant ActBlue hit with subpoena...

July 22, 2025







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 InsiderDealingNews.com All Rights Reserved.

    Insider Dealing News
    • Stock
    • Investing
    • Politics
    • World News
    • Editor’s Pick