BGOV OnPoint: Senate Tax Bill Changes Complicate GOP July 4 Push

June 18, 2025, 5:39 PM UTC

Senate committees have unveiled drafts of the sprawling budget reconciliation package that would advance President Donald Trump’s policy agenda, including extending tax cuts and boosting funds for immigration enforcement.

Senate GOP leadership is aiming to bring the measure to the floor next week, with a stated goal of passing the package by July 4.

But several Senate Republicans are critical of the current text, including moderates who are concerned with the measure’s changes to Medicaid and clean energy tax credits, as well as conservatives who say the package doesn’t go far enough to reduce the deficit. The cap on ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.