House passes Trump's 'big, beautiful bill' in marathon overnight session

[nitpicked]

13. House passes Trump's deficit-swelling tax bill, with big Medicaid changes

https://www.usatoday.com/story/news/politics/2025/05/22/house-passes-trump-bill-congress/83747173007/

(snip)
The 2017 Tax Cuts and Jobs Act, which lowered income tax rates for all income groups but disproportionately benefitted the highest earners, is set to expire at the end of 2025. The bill would make those tax rates permanent at an expected cost of more than $2 trillion over the next 10 years.

The GOP budget proposal would make tips tax-exempt.
The bill would also implement temporary tax breaks for tipped wages and overtime, create a new temporary deduction for the interest on loans for American-made cars, and create a new tax deduction for people over age 65. Children under 8 years old could also benefit from a new "Trump" savings account seeded with $1,000 from the federal government.

7.6 million would lose Medicaid
Medicaid, the program that provides health insurance to more than 71 million low-income Americans, would undergo big changes. That includes new work requirements for adults enrolled in Medicaid expansion beginning in December of 2026, more frequent eligibility checks, and disincentives for states to cover unauthorized migrant children, among other provisions. Collectively, the Medicaid proposal would save at least $625 billion and cause 7.6 million Americans to lose their health insurance over the next 10 years, according to initial estimates by the nonpartisan Congressional Budget Office.

The proposal would also implement new requirements in the Supplemental Nutrition Assistance Program, known as SNAP or food stamps, which provides assistance to around 42 million Americans. That would save up to $300 billion over the next ten years and shift more of the cost of the program to states.
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