Author Topic: Here’s what’s in the Senate GOP’s version of Trump’s ‘big, beautiful bill’  (Read 24 times)

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Here’s what’s in the Senate GOP’s version of Trump’s ‘big, beautiful bill’

by Tobias Burns, Rachel Frazin and Nathaniel Weixel - 06/16/25 9:47 PM ET


The Senate Finance Committee unveiled its portion of President Trump’s “big, beautiful bill” Monday, containing provisions on Medicaid, taxes and green energy tax credits.

The committee’s text is the final piece of the upper chamber’s version of the bill to be released, and was the most highly anticipated. It contains some of the thorniest provisions that Senate GOP holdouts have expressed concerns about, and the issues that could set the upper chamber on a collision course with the House.

The House narrowly passed its version of the legislation last month. Here’s what’s in the Senate’s bill.

2017 tax cuts
The bill makes many of the core elements of their 2017 tax cuts permanent but scales back additional cuts from what the House passed.

The Senate bill locks in existing federal tax brackets, boosts the standard deduction and maintains the termination of personal exemptions — all without sunsets.

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https://thehill.com/homenews/senate/5353963-senate-medicaid-taxes-green-energy/
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