For Trump, the bill is something of an everything bagel, a package well-stuffed with items large and small. Republicans know the bill could amount to the entirety of his legislative agenda this year and next. The president prefers executive actions to legislative sausage-making. Some things — the setting of tax rates or the contours of Medicaid eligibility, for example — depend on the work of Congress.
The bill would extend individual and corporate tax cuts approved during Trump’s first term, add campaign promises to eliminate taxes on tips and overtime, lift the state and local tax (SALT) cap, and make a variety of other changes, such as adding about $150 billion for border security. It would cut about $700 billion from projected Medicaid spending over the next decade, in large part through new work and reporting requirements for recipients. About $280 billion would be cut from the food stamp program, with new work requirements added.
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