5 Big Changes Senators Made To Donald Trump’s Massive Tax Bill
HuffPost
Senate Republicans are hoping to vote on the massive $4 trillion tax cut legislation as early as Saturday despite opposition from several of their members.
WASHINGTON – Just before midnight on Friday, Senate Republicans released draft text of President Donald Trump’s “Big Beautiful Bill,” which they are planning to begin voting on as early as Saturday afternoon under a special fast-track reconciliation process that avoids a filibuster.
The massive 940-page bill, which isn’t final, contains big cuts to social safety net programs meant to offset part of the cost of over $4 trillion in tax cuts and spending on defense and border security. It doesn’t cut as much in spending as the House-passed legislation, but it borrows far more over 10 years and still contains some huge policy changes.
“This bill is the largest reduction in government spending in recent memory, and is a down payment on fiscal reform,” Senate Budget Committee Chairman Lindsey Graham (R-S.C.) said in a statement. “The Big Beautiful Bill contains all of President Trump’s domestic economic priorities. By passing this bill now, we will make our nation more prosperous and secure.”
Several Republican senators have said they are not yet prepared to vote on the bill – including Thom Tillis of North Carolina and Ron Johnson of Wisconsin – so GOP leadership may need to make more changes to get the 50 votes necessary to advance the measure and pass it by Trump’s self-imposed July 4 deadline.
Big Safety Net Cuts
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