The president of the Senate Finance Committee, Senator Mike Crapo, a Idaho Republican, is seen here for the door on June 12, 2025. The Senate Finance Committee has published the text on its part of the “Big and Hermoso Law Project.” Several adjustments between the Senate proposal and the past bill in the House of Representatives could complicate the approval.
Senate Republicans are considering adjustments to the bill that is a cornerstone of the second -term agenda of President Trump, with new provisions that could establish a collision course in the Chamber.
The Senate Finance Committee published the most anticipated Legislative text Monday, which addresses problems such as Medicaid and Clean Energy Fiscal Credits.
“This bill avoids a tax increase of more than $ 4 billion and makes the successful Trump tax cuts of 2017 permanent, allowing families and companies to save and plan the future,” said President Mike Crapo, a Idaho Republican, in a statement.
Senate Democrats criticized the proposal, but their criticism is essentially debatable, since Republicans are using a Budget tool called reconciliation That could and can be approved by the bill throughout the party lines.
The ranking member of the Senate Finance Committee, Ron Wyden, D-OR., Said in a statement that “the largest winners here are rich corporations that would obtain sinks of billions of dollars in additional tax exemptions.”
The finance committee plan was presented one day porch The non -partisan Congress budget office published an alternative estimate so long for a version of the bill approved by the Chamber in May. The updated figure, which includes projections for both economic growth and the additional costs of the interests achieved in the debt of the nations, estimates that the invoice of the representatives chamber would add approximately $ 2.8 billion to the deficit approximately one decade, more than what was originally projected.
The leaders of the Republican Party of the House of Representatives exceeded the internal divisions to approve that bill with some members Concerned about the impact on debt and deficit. The new score, combined with the changes in the Senate, could threaten the delicate leaders of the accumulated coalition to approve the bill in the first place.
Both members have close majorities. The leader of the majority of the Senate, John Thune, can only lose three Republican senators. To the challenge is added the self -imposed deadline of the Senate Republicans to approve the bill before July 4. If the Senate approves the bill will return to the Chamber to vote.
Representative Jason Smith, who presides over the Media and Media Committee of the Chamber, showed a degree of optimism in a statement on Monday night.
He said despite the work that remains to be done: “We will thread that needle to respect the needs of both bodies in the next few days.”
Let’s take a look at some of the changes between the versions of the camera and the Senate and where some of the possible confrontations could arise.
Salt still on the table
An important content point that the Chamber negotiations were state and local fiscal deductions, called salt. The 2017 tax cuts limit salt deductions by $ 10,000. The blue state Republicans negotiated a plan to lift the limit to $ 40,000 for married couples with revenues of up to $ 500,000.
There are no republicans in the Senate that represent states of high tax, mainly democratic such as California and New York, and several Republican senators promised that the salt of the chamber would be purified by the upper chamber.
The language of the Senate maintains the current limit of $ 10,000, but the senators have said that it is a position marker figure as the negotiations continue. Assigning it a value in the text allows the CBO to begin to write down the Senate bill.
But the position marker or not, this will continue to be a conflict point for salt caucus in the house.
New York representative Mike Lawler published on social networks that “he will not accept a penny less” than the negotiated limit of $ 40,000.
“If the Senate reduces the salt number, I will vote that no and the bill will fail in the chamber,” hey, hey written.
Lawler added that he is working with leadership in Bothbbers and the White House and trusts the agreement as a negotiated one will be in the final bill. ”
Debt limit
The version of the Senate would increase the Debt limit For $ 5 billion, above the figure of $ 4 billion from the house. The Senator of the Kentucky Republican Party, Rand Paul, already said he opposes this.
The Congress has to act at the end of the summer to adjust the debt limit, or risk breaking the nation’s debt.
Taxes
The text of the Senate permanently extends the tax cuts of 2017, an important priority for President Trump.
Trump also campaigned in any tax on extra tips or hours.
The bill with the House of the House of Representatives did not include a limit declared in extra time tips or deductions for those who earn less than $ 160,000 a year.
Meanwhile, the Senate text includes deductions of up to $ 25,000 per income tips until 2028, eliminated by inns for more than $ 150,000 for an individual and $ 300,000 for a married couple.
It includes a deduction of up to $ 12,500 in the payment of overtime for people or $ 25,000 for the meetings until 2028, to eliminate the elimination when the gross income of an individual $ 150,000 or the joint revenues of a couple exceed $ 300,000.
It also includes a $ 10,000 deduction for a qualified passenger vehicle loan, to eliminate previous elimination when the adjusted gross entry of the taxpayer leaves $ 100,000 or $ 200.00 for a couple.
The Senate version makes several commercial tax exemptions permanent, Increases a fiscal deduction for older people to $ 6,000 and reduces the fiscal credit of the children. According to the Chamber version, the children’s tax credit appears as $ 2,500 per child; The Senate version is $ 2,200 per child. Neinder’s version would benefit bass families without fiscal responsibility.
The Senate’s version also creates tax credits for school choice and establishes savings accounts for newborns.
Disease insurance
The Senate Bill Coincide with some elements of the house version by implementing work requirements for the Federal State-State Medical Care Program Popular Popular Status For Americans with disabilities, older and low -income people.
He Senate provision It would require that “non -pregnant adults, without disabled, without children, from 19 to 64 years, complete a minimum of 80 hours” of work, community or other qualification activities to qualify for Medicaid.
There would be several exemptions, even for veterans with a “disability qualified as total”, individuals who are medically fragile, young people in parenting care up to 26 years, among other slurry.
The proposal also increases the frequency of eligibility verifications and increases the requirements for eligibility documentation.
“The financing cuts from the Republican Senate to Medicaid are deeper and more devastating than even the disaster of a bill of the Republican Chamber,” said Senate Minority leader Chuck Schumer, in a statement.
Some Republican senators are also raising concerns about a provision that would increase the incrementally lower supplier tax in the states that extended Medicaid under the Law on Health Care at a low price at 3.5% by 2031, below the current 6%. The limit would be reduced by lowering 0.5 % from 2027.
Supplier tax critics say it is an escape that drives expenses – Supporters say it is a critical form of financing for hospitals, particularly rural hospitals.
“I am optimistic, that we can all unite and get, you know, some fiscal sanity and we will also make sure that states like mine that do not expand Medicaid are not unfairly treated, said Florida Senator Rick Scott.
The Missouri senator, Josh Hawley, who remains in the fence of the bill, said he was signed by changes in the supplier’s tax.
He argued that he would harm rural hospitals in his state.
“I just baffled me. I would invite you to come to explain that to the people of Missouri,” he said after a republican meeting of the Senate on the latest changes in the plan.