US Senate Republicans pushed President Donald Trump's sweeping tax cut and spending bill forward on June 29 in a marathon weekend session even as a nonpartisan forecaster said it would add an estimated $3.3 trillion to the nation's debt over a decade.
BreakdownGenerated by LeadStory AI
- Senate Republicans advanced Trump's tax cut and spending bill after a close procedural vote.
- The bill includes $4 trillion in tax cuts mainly for the wealthy and $1.2 trillion in cuts to Medicaid and food stamps. 13s
- Democrats and some Republicans criticize the bill for removing green energy tax credits and reducing social benefits. 27s
- The Congressional Budget Office estimates the bill would increase the deficit by $3.3 trillion over ten years. 1m 0s
- Trump has threatened to primary Republican senators opposing the bill, with at least one senator deciding not to seek re-election. 1m 28s