Republicans are moving quickly to push President Donald Trump’s “one big, beautiful bill” by Memorial Day — a massive $10 trillion mix of tax breaks, benefit changes and border spending.
On taxes, they’d make Trump’s 2017 cuts permanent, plus exempt tips, overtime pay and up to $10,000 of interest on U.S.-built car loans. They also rolled back former President Joe Biden’s clean energy credits to help cover roughly $3.7 trillion of that cost.
Families earning under $400,000 would see the SALT cap jump from $10,000 to $30,000, and seniors could deduct up to $4,000 of Social Security income.
For food stamps, states would begin paying 5% of benefit costs in 2028 and 75% of administrative expenses, while work requirements would extend up to age 63.
Medicaid would add strict work and asset tests, putting coverage at risk for at least 7.6 million people.
