Agency Of Income
  • World News
  • Stocks
  • Business
  • Politics

Agency Of Income

  • World News
  • Stocks
  • Business
  • Politics
World News

Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

by admin June 16, 2025
June 16, 2025
Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

A Senate panel charged with some of the most hot-button portions of President Donald Trump’s ‘big, beautiful bill’ unveiled its portion of the gargantuan package on Monday.

The Senate Finance Committee, which has jurisdiction over tax policy, Medicaid and a slew of other items baked into the House GOP’s version of the bill, released its text as Republicans sprint to finish work on the president’s bill ahead of a self-imposed July 4 deadline.

The committee, chaired by Sen. Mike Crapo, R-Idaho, had to walk a perilous tightrope with their legislation, given the push and pull surrounding divisive cuts to Medicaid, an increase to the state and local tax (SALT) deduction cap and other provisions in the House’s version of the bill.

Crapo lauded the bill in a statement, and noted that it made the president’s 2017 Tax Cuts and Jobs Act permanent, slashed ‘Green New Deal’ spending and targeted ‘waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable.’ 

‘I look forward to continued coordination with our colleagues in the House and the Administration to deliver President Trump’s bold economic agenda for the American people as quickly as possible,’ he said. 

While House Speaker Mike Johnson, R-La., pleaded with Senate leaders to change the bill as little as possible after narrowly passing the bill in the House, particularly on the compromises he reached on SALT and Medicaid, the Senate has vowed to leave its imprint on the package. 

Crapo and Republican committee members have similarly had to navigate divisions in the upper chamber, particularly around Medicaid tweaks to provider payments and an increase to the SALT cap to $40,000 — a change needed to ram the bill through the House, but one Senate Republicans dislike. 

This post appeared first on FOX NEWS

previous post
Mike Johnson calls off Israel trip amid Iran conflict
next post
Kraft Heinz to remove artificial dyes from U.S. products by end of 2027

Related Posts

TikToker knocks Harris’ ‘weird’ take on never released...

July 8, 2025

House conservatives go to war with Senate over...

June 24, 2025

Trump admin official to meet with Israel, Qatar...

July 23, 2025

Judicial nominee shuts down ‘wildly inaccurate’ claims that...

June 25, 2025

Poll: Majority of Republicans back Trump’s strikes on...

June 25, 2025

Karine Jean-Pierre abandons Dems after years fiercely defending...

June 15, 2025

Mike Johnson touts ‘beauty of unified government’ after...

July 3, 2025

US judge blocks Trump effort to cut Planned...

July 28, 2025

Israel says it killed Iranian commander who helped...

June 21, 2025

State Department reveals plan to deliver ‘life-saving’ meals...

June 10, 2025

    Get free access to all of the retirement secrets and income strategies from our experts!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Trump endorses ‘MAGA warrior’ for RNC chairman after Whatley launches Senate campaign

    • WATCH: Trump says he is hopeful Hillary Clinton will be investigated for election fraud

    • Trump moves nuclear submarines weeks after praising sub’s power in Iran strikes

    • Recess on ice as Republicans hunker down for high-stakes nominee blitz

    • Iran says it has ‘plenty of scientists’ left to restart uranium enrichment, despite US, Israeli strikes

    • Apple crushes Wall Street expectations as iPhone sales soar

    Categories

    • Business (95)
    • Politics (20)
    • Stocks (112)
    • World News (293)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: AgencyOfIncome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 agencyofincome.com | All Rights Reserved