Overview

• The House Rules Committee approved the 1,116-page bill in a party-line vote after a marathon 22-hour session, sending it to the full House for debate.
• The legislation includes extensions of Trump’s 2017 tax cuts, a $4 trillion debt limit increase, Medicaid work requirements, and rollbacks of Biden-era clean energy tax credits.
• Analyses by the Congressional Budget Office and Joint Committee on Taxation project the bill would add $3.8 trillion to the national debt over a decade, benefiting the wealthiest while reducing resources for low-income households.
• Intraparty disputes persist, with Freedom Caucus members pushing for deeper cuts and faster energy rollbacks, while moderates demand a higher SALT deduction cap to $40,000.
• President Trump and Speaker Johnson are lobbying Republican holdouts to secure passage, aiming to meet the self-imposed Memorial Day deadline before sending the bill to the Senate.