Senate releases Trump tax and Medicaid blueprint
by Alexander Bolton - 06/16/25 4:49 PM ET
Senate Finance Committee Chair Mike Crapo (R-Idaho) on Monday released the Senate’s long-awaited version of President Trump’s tax agenda, which would make the 2017 corporate tax cuts permanent, cut hundreds of billions of dollars in Medicaid spending and phase out renewable-energy tax cuts enacted under President Biden.
The legislative text crafted by Senate Finance Committee Republicans represents the core of Trump’s “big, beautiful bill” and includes the populist tax breaks that the president campaigned on, including provisions to shield tipped income from taxation.
But it includes several changes that puts Senate Republicans on a collision course with the House.
The measure encompasses the most controversial sections of the bill, such as proposals to impose stricter work and eligibility requirements for Medicaid and to reduce the federal government’s share of Medicaid spending in states.
It would raise the debt ceiling by $5 trillion, instead of the $4 trillion, the increase adopted by House Republicans.
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https://thehill.com/homenews/senate/5352650-senate-republicans-trump-agenda-taxes-medicaid-green-energy/
