President Donald Trump said no one was on vacation until the July 4 deadline reached his desk. Republicans in Congress have been working to complete it.
The Senate is preparing for the weekend work, and House Speaker Mike Johnson The lawmakers told Tuesday that their schedules were “flexible” in preparing for more votes.
“We have made good progress,” said Senate Majority Leader John Thune, who expects the Senate to get a “past end” by the end of the weekend and send it back to the House for quick action.
But Republicans with majority control over the House and Senate found that they push for quick action and efforts to change things — i.e. cut federal government plans Medicaid and Snapshot Food Vouchers Millions of Americans use – easy to say and harder to do.
Not all Republican members are on board, and Senate Members Several key recommendations have been informed of violations of procedural rules. All of this has caused Republican leaders to scramble for the first time just days before the final vote because of Democrats’ usual opposition.
This is the latest content that lawmakers are working to complete on a large scale, going out, and still debate 1,000 pages plus packaging.
What is the goal of a big bill? Tax cuts.
Republicans’ top priority is to prevent them from warning about massive tax hikes, about $3.8 trillion, when they were in Trump’s first term, the 2017 tax relief was appropriate.
The big bill attempts to make Existing tax rates and brackets permanently While there are also temporary additions to the Trump campaign – no tax on tips, overtime pay or some auto loans, and a $6,000 deduction for the Senate draft, they earn no more than $75,000 a year for seniors.
According to the wealthiest family, the wealthiest family will add $12,000, while the bill will cost the poorest $1,600 a year. Nonpartisan Congressional Budget Office.
Tax deductions for medium-income taxpayers are $500 to $1,500, CBO said.
A family rule would raise the $2,000 child tax credit to $2,200 and the House of Representatives $2,500, according to the Senate proposal. However, lower income families do not see the full number (if any).
One unresolved issue is that the House proposed state and local deductions of $40,000, called salt, which Republican senators say are too high to want limited.
The bill also funded deportation, border wall and Trump’s Hero Garden
There is also about $350 billion in new funding in the packaging of Trump’s border and national security agenda.
Trump promised the largest mass deportation operation in U.S. history, and the package proposes to hire 10,000 new immigrant and customs law enforcement officers, with a $10,000 signing bonus and targets 100,000 immigration detention beds to deport about 1 million people each year.
Additionally, the House bill proposes $12 billion to provide grants to states that contribute to federal immigration enforcement and deportation lawsuits. The Senate program also provided $3.5 billion for the attorney general to create a similar state fund — called the immigration-related deficit the nation experienced, or Biden, referring to the former president.
Immigrants entering the United States will face new new fees, including $1,000 for those seeking asylum protection.
In the United States, Trump’s “Golden Dome” missile defense system and quality of life measures for military and women are also funded.
There is an additional: A Senate rule will provide $40 million to build Trump’s long-term “The National Garden of American Heroes.”
How to pay for this? Cut into Medicaid, Breakand Green Energy Program
To partially offset the lost taxes, Republicans are seeking to reduce some long-running government programs – Medicaid, food stamps and green energy incentives – basically Revealing achievements Among the past two Democratic presidents: Joe Biden and Barack Obama.
Republicans believe they are trying to dominate the population safety net program for the initially designed population, mainly pregnant women and children, and take root in waste, fraud and abuse.
The package includes a new 80-hour work requirement for many adults receiving Medicaid and food stamps, including older people under 65 years of age. Parents of children over the age of 10 must work hard to qualify for food aid, while those with adolescents must comply with Medicaid job requirements.
“It’s very popular,” Johnson said Tuesday. “Do something constructive for heaven’s sake.”
About 80 million Americans rely on Medicaid, which is used under Obama’s Affordable Care Act and 40 million Supplementary nutrition assistance programAccording to analysts, most have worked.
Tell them all CBO Estimation At least 10.9 million people will be without health coverage, and another 3 million people will not be eligible for food stamps.
Senate members and deeper cuts being revised will put deeper cuts in cost sharing into question. More Medicaid changes will be available for debate – including plans for Senate plans to reduce so-called provider taxes for hospitals and other entities in most states.
Republican Senators and the House Republican coalition warned that lower Medicaid provider tax cuts would hurt rural hospitals. “We cannot support the final bill that threatens to obtain coverage,” 16 family Republican lawmakers said in a letter to leadership.
Senators are considering establishing a new rural hospital fund, but the plan is still underway. They also objected to the new $35 copay Medicaid service proposed by the home.
Both the House and Senate bills have proposed a Biden-era tax break on green energy tax for electric vehicles and a dramatic rollback of production and investment tax credits for wind, solar and other renewable energy projects.
All in all, cuts in Medicaid, food stamps and green energy programs are expected to save at least $1.5 trillion.
What is the final cost?
Overall, the existing tax relief and new tax expenses were retained at $3.8 trillion, the CBO said in an analysis of the home bill. The Senate draft is slightly higher.
Spending cuts by at least $1.5 trillion.
The Congressional Budget Office estimates that parcels for houses will increase the U.S. deficit by $2.4 trillion in a decade.
Or no, it depends on one Doing math.
Senate Republicans have proposed a unique strategy to not treat existing tax breaks as new costs because they are already “current policies.” They believe that the Chairman of the Budget Committee has the right to set a benchmark for his preferred method.
According to the Senate Republican view, the tax provision costs are $441 billion, according to data from the Congressional Joint Tax Committee.
Democrats and others see it as “magic math” that masks the cost of the Republican tax cut. The federal budget committee responsible will put the Senate’s statistics time to $4.2 trillion over the past decade.
“The current policy benchmark is a head of a budget,” said Sen. Jeff Merkley, the top Democrat of the Budget Committee. “The bill would add trillions of dollars in national debt to fund tax breaks for billionaires.”
On his way to Europe for a NATO meeting, Trump told the senators to lock themselves in their room when needed and “complete the bill.”
