The Republican leader celebrated when the House passed his “big, beautiful bill,“ which partially covers an extension of his 2017 tax relief through budget cuts projected to strip health care from millions of low-income Americans.
But the 1,116-page blueprint faces an uphill climb, with moderate Republicans balking at $1.5 trillion in spending cuts while fiscal hawks are blasting the bill as a ticking debt bomb.
Democrats -- whose support is not required if Republicans can maintain a united front -- have focused on the tax cuts mostly benefiting the rich on the backs of a working class already struggling with high prices.
But several independent analyses have found that -- even taking growth into account -- it will add between $2.5 trillion and $3.1 trillion to deficits over the next decade.
Republicans muscled the measure through the House by a single vote on May 22 by a combination of bargaining vote holdouts on policies and deploying Trump himself to twist arms.
Faultlines
Independent analysts expect around seven million beneficiaries of the Medicaid health insurance program will be deprived of coverage due to new proposed eligibility restrictions and work requirements.
Senate moderates are also worried about proposed changes to funding food aid that could deprive up to 3.2 million of vital nutrition support.
Trump took to his Truth Social website on Monday to decry “so many false statements (that) are being made about ‘THE ONE, BIG, BEAUTIFUL BILL’” -- and to falsely claim that it would not cut Medicaid.
One more wrinkle for Trump: tech billionaire Elon Musk -- no longer one of his closest aides but still an influential commentator -- has already broken with the president to criticize the mega-bill.
“A bill can be big or it can be beautiful. But I don’t know if it can be both,“ Musk said in a CBS interview criticizing its effect on debt.
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