Senate Finance is set to reveal modifications to the House-passed megabill, with key provisions like Medicaid and tax policies still under negotiation, including debates over the SALT deduction cap and business tax incentives, as senators aim to pass the bill before July 4.
The article discusses the upcoming legislative efforts led by Senate Finance Chair Mike Crapo, focusing on bipartisan negotiations over a major bill that includes tax policy, Medicaid, and energy credits, with significant attention on the potential changes to Medicare and the broader legislative process in Congress.
Senate Finance Chair Mike Crapo is leading a complex effort to shape a major legislative package involving tax policy, Medicaid, and energy credits, facing internal and external challenges, with key committee texts expected soon and significant political debates ongoing.
The Senate Finance Chief has criticized the GOP's "backroom scheme" to cut Social Security, accusing the party of prioritizing the wealthy and powerful. This move has sparked concerns about wealth inequality and its impact on social welfare programs.
Harlan Crow, a billionaire, has refused to comply with a request by Senate Finance Chair Ron Wyden for a complete accounting of Crow’s gifts to Supreme Court Justice Clarence Thomas. Wyden has previously said he would “explore using other tools at the committee’s disposal” should Crow not cooperate with the request. The Finance Committee is expected to respond shortly.