Reported about 10 hours ago
Senate Republicans have revised their $4.2 trillion tax cut package to accommodate party divisions, particularly concerning the SALT deduction, Medicaid, and clean energy tax credits. With a July 4 deadline set by President Trump, the new draft includes a temporary increase in the SALT deduction cap and a proposed $25 billion fund for rural hospitals to offset Medicaid cuts. While the bill aims to win over moderate Republicans, uncertainties remain over whether enough support exists among Senate members for its passage. Adjustments also affect renewable energy tax credits and aim to raise the debt ceiling.
Source: YAHOO