Latest Congress News: GOP Unveils Sweeping Tax Bill, Debates Medicaid Cuts
Congress is once again at the center of national debates as lawmakers wrestle with a new tax proposal and pivotal policy changes affecting millions. In this comprehensive update, we cover the latest congress news, highlighting the facts, implications, and what Americans should watch for as legislative sessions heat up.
Republican Leaders Reveal Massive Tax Plan
On May 12, 2025, congressional Republicans introduced a sweeping tax and spending bill, a key highlight in recent congress news. The package, named “THE ONE, BIG, BEAUTIFUL BILL,” carries a hefty price tag. Early estimates suggest at least $4.9 trillion in costs, with lawmakers aiming to offset this through cuts to programs such as Medicaid, food stamps, and various green energy initiatives (AP News).
The proposal seeks to extend Trump-era tax cuts, increase the standard deduction, and bolster credits like the child tax credit. It also introduces new breaks for tipped wages and Social Security beneficiaries, signaling major shifts in America’s tax landscape. Lawmakers are still refining crucial details, particularly on contentious elements like the state and local tax (SALT) deduction.
Deep Divides Over Medicaid and Social Programs
Perhaps the most controversial aspect in the latest congress news revolves around Medicaid. The current proposal aims to cut at least $880 billion from the program, mainly by imposing stricter work and eligibility requirements. According to preliminary estimates, these changes could leave 8.6 million Americans without health coverage (AP News report).
Some Republican legislators, including Sen. Josh Hawley, have voiced strong opposition to these cuts. They argue that slashing Medicaid to fund tax breaks harms working-class Americans. These divisions illustrate the high stakes and passionate debate rippling through Congress.
Implications for America’s Budget
Analysts warn that pushing the current GOP tax bill through Congress could add trillions to the national debt. As The Economist notes in their coverage of congress news (read full article), some proposals could further increase costs or reduce federal revenue.
Members of the conservative House Freedom Caucus have raised alarm over the potential deficit impacts, with some predicting the costs could balloon as high as $20 trillion over the next decade.
What to Watch Next
As round-the-clock hearings begin and party leaders look toward a Memorial Day deadline, Congress is set for a historic showdown. For Americans following congress news, the outcome will shape the future of healthcare, taxes, and essential benefits. The ongoing debates offer a window into competing visions for government spending and support. Stay tuned as lawmakers hash out the details and determine which proposals will reach the president’s desk.
Stay informed on major congressional developments and policy decisions. For more detailed congress news and policy analysis, check comprehensive coverage from AP News and The Economist.