Overview

• The House approved the reconciliation package, which permanently extends Trump-era tax cuts and includes significant Medicaid and SNAP reductions.
• The bill allocates $175 billion for border security, including wall construction, and $150 billion for national defense initiatives.
• Projected to add $3.8 trillion to the federal deficit over a decade, the legislation has drawn criticism for its fiscal impact.
• Senate Republicans have expressed concerns about Medicaid cuts, which could leave millions uninsured, and the $4 trillion debt ceiling increase.
• Democrats unanimously opposed the bill, condemning it as harmful to low-income Americans while benefiting wealthy taxpayers.