NBC - The Senate began voting on Trump’s massive spending bill Monday, stretching out more than 13 hours without a clear path to an endgame. Dubbed the “big, beautiful bill,” the 940-page legislation passed a key procedural vote on Saturday.
As of Monday night, major issues like Medicaid cuts and clean energy funding rollbacks remained unresolved as lawmakers brought amendments to the floor in a last-ditch effort.
As it stands, the legislation proposes cementing trillions of dollars in corporate tax cuts enacted during Trump's first term and expanding other tax breaks for business developments, while also adding to the national debt. It would be a big win for corporations, but for young people, these same cuts mean paying more towards interest on the country’s total $78 trillion in debt over the next 30 years.
Along with the economy, the bill could have a wide-ranging impact on millions of Americans’ health insurance. The proposal suggests cutting around $1 trillion from Medicaid, the health insurance program for poor and disabled people, according to the nonpartisan Congressional Budget Office. Rural communities could be impacted even more, as they are more likely to get health insurance through Medicaid than residents in urban and suburban areas.
If the bill passes the Senate, it’ll go back to the House for another vote, but changes can still be made in the interim. GOP leaders have already lost the votes of Sens. Rand Paul of Kentucky and Thom Tillis of North Carolina, affording them only one more defection.
GOP leaders aim to send the bill to Trump's desk for his signature by his self-imposed Friday, July 4, deadline. Full story
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