What’s in the latest version of Trump’s big bill now before the Senate

WASHINGTON AP At certain -pages the law is a sprawling collection of tax breaks spending cuts and other Republican priorities including new money for national defense and deportations Now it s up to Congress to decide whether President Donald Trump s signature s domestic guidelines package will become law Trump communicated Republicans who hold majority power in the House and Senate to skip their holiday vacations and deliver the bill by the Fourth of July Senators were working through the weekend to pass the bill and send it back to the House for a final vote Democrats are united against it Here s the latest on what s in the bill There could be changes as lawmakers negotiate Tax cuts are the priority Republicans say the bill is crucial because without it there would be a massive tax increase totaling selected trillion after December when tax breaks from Trump s first term expire Those existing tax rates and brackets would become permanent under the bill It temporarily would add new ones that Trump campaigned on no taxes on tips overtime pay or several automotive loans along with a bigger deduction in the Senate draft for older adults who earn no more than a year It would boost the child tax credit to under the Senate proposal or in the House s version Families at lower income levels would not see the full amount if any A cap on state and local deductions called SALT would quadruple to for five years It s a provision pivotal to New York and other high tax states though the House demanded it to last for years There are scores of business-related tax cuts The wealthiest households would see a increase from the statute which would cost the poorest people a year according to the nonpartisan Congressional Budget Office analysis of the House s version Middle-income taxpayers would see a tax break of to the CBO noted Money for deportations a dividing line wall and the Golden Dome The bill would provide several billion for Trump s frontier and national shield agenda including billion for the U S -Mexico boundary wall and billion for migrant detention facility beds as he aims to full his promise of the largest mass deportation operation in U S history Money would go for hiring new Immigration and Customs Enforcement officers with signing bonuses and a surge of Dividing line Patrol officers as well The goal is to deport various million people per year The homeland safety secretary would have a new billion fund for grants for states that help with federal immigration enforcement and deportation actions The attorney general would have billion for a similar fund known as Bridging Immigration-related Deficits Experienced Nationwide or BIDEN referring to former Democratic President Joe Biden To help pay for it all immigrants would face various new fees including when seeking asylum protections For the Pentagon the bill would provide billions for ship building munitions systems and quality of life measures for servicemen and women as well as billion for the enhancement of the Golden Dome missile defense system The Defense Department would have billion for edge prevention How to pay for it Cuts to Medicaid and other programs To help partly offset the lost tax revenue and new spending Republicans are seeking to cut back chosen long-running cabinet programs Medicaid food stamps green force incentives and others It s essentially unraveling the accomplishments of the past two Democratic presidents Biden and Barack Obama Republicans argue they are trying to rightsize the safety net programs for the population they were initially designed to serve mainly pregnant women and children and root out what they describe as waste fraud and abuse The package includes new -hour-a-month work requirements for plenty of adults receiving Medicaid and food stamps including older people up to age Parents of children and older would have to meet the initiative s work requirements There s also a proposed new co-payment that can be charged to patients using Medicaid services Selected million people rely on Medicaid which expanded under Obama s Affordable Care Act and million use the Supplemental Nutritional Assistance Scheme The greater part already work according to analysts All recounted the CBO estimates that under the House-passed bill at least million more people would go without physical condition coverage and million more would not qualify for food stamps The Senate proposes a billion Rural Hospital Transformation Fund to help offset those reductions It s a new addition intended to win over holdout GOP senators and a coalition of House Republicans warning that the proposed Medicaid provider tax cuts would hurt rural hospitals Both the House and Senate bills propose a dramatic rollback of the Biden-era green capacity tax breaks for electric vehicles They also would phase out or terminate various the production and funding tax credits companies use to stand up wind solar and other renewable power projects In total cuts to Medicaid food stamps and green strength programs would be expected to produce at least trillion in savings Trump savings accounts and so so much more A number of extra provisions reflect other GOP priorities The House and Senate both have a new children s savings venture called Trump Accounts with a feasible deposit from the Treasury The Senate provided million to establish Trump s long-sought National Garden of American Heroes There s a new excise tax on university endowments restrictions on the advancement of artificial intelligence and blocks on transgender surgeries A tax on gun silencers and short-barreled rifles and shotguns was eliminated One provision bars money to family planning providers namely Planned Parenthood while million is earmarked for a pandemic response accountability committee Billions go for the Artemis moon mission and for exploration to Mars What s the final cost Altogether keeping the existing tax breaks and adding the new ones is expected to cost trillion over the decade the CBO says in its analysis of the House bill An analysis of the Senate draft is pending The CBO estimates the House-passed package would add trillion to the nation s deficits over the decade Or not depending on how one does the math Senate Republicans are proposing a unique strategy of not counting the existing tax breaks as a new cost because those breaks are already current approach Senators say the Senate Budget Committee chairman has the authority to set the baseline for the preferred approach Under the Senate GOP view the cost of tax provisions would be billion according to the congressional Joint Committee on Taxation Democrats and others say this is magic math that obscures the costs of the GOP tax breaks The Committee for a Responsible Federal Budget puts the Senate tally at trillion over the decade Source