President Donald Trump calls it “The One Big Beautiful Bill Act” and it passed the U.S. House Thursday.
Key items are tax cuts including no tax on overtime or tips, and more requirements for federal benefits including Medicaid.
The Congressional Budget Office estimates the bill would add $2.3 trillion to deficits over the next decade.
That increases the national debt ceiling - the limit on the amount of money the government can borrow to pay its bills.
On social media, Republican Congressman Bill Huizenga posted his support for the bill, touting energy independence policies benefiting Palisades nuclear power plant workers, tax cuts for middle income families, and welfare reforms targeting fraud.
“This is not about making a single mom who’s got a couple kids get back to work. This is about able-bodied folks who are choosing or have either intentionally gamed or have been encouraged to use loopholes to depend on the government rather than a paycheck.”
In her testimony before her “no” vote, Grand Rapids Democrat, U.S. Representative Hillary Scholten told the House Committee on Rules that reducing Medicaid spending by $700 billion will harm millions of Americans.
“If you’re home listening to this and you thought this was all about Medicaid, think again. Your premiums could go up significantly. When these premiums expire, over 4.2 million Americans are projected to lose their healthcare coverage.”
Next, the bill heads to the Republican-controlled Senate for consideration.
