Overview
- The House Rules Committee's hearing on the 1,100-page reconciliation bill has extended into its twelfth hour, with no resolution on key intraparty disputes.
- Moderate Republicans secured a tentative deal to raise the SALT deduction cap to $40,000, but fiscal conservatives argue the move worsens the bill's deficit impact.
- The Freedom Caucus is demanding accelerated Medicaid work requirements and a full repeal of Biden-era green energy tax credits before supporting the legislation.
- Speaker Mike Johnson and Freedom Caucus members are set to meet with President Trump at the White House to negotiate a path forward, but a vote today appears unlikely.
- The Congressional Budget Office projects the bill would increase resources for the wealthiest Americans while decreasing resources for the lowest-income households by 4%.