Trump, Senate Republicans
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Senate Republicans are proposing deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump’s tax breaks more permanent.
Senate Republicans have unveiled a sweeping plan to overhaul the Medicaid program, with changes policy analysts warn could lead to even greater coverage losses and pain for hospital systems than the aggressive proposal passed by the House of Representatives last month.
The Senate Finance Committee’s language would take a sledgehammer to some parts of the renewable-friendly Inflation Reduction Act while sparing others.
Top Senate Republicans are running into some resistance from several key senators about the details of President Donald Trump’s “big beautiful bill,” potentially complicating plans to deliver that package by their own July 4 deadline.
A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.
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A plurality of voters oppose the sweeping tax-and-spending legislation, with mixed opinions on specific provisions, according to a Washington Post-Ipsos poll conducted earlier this month.
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InvestorsHub on MSNRenewable Energy Stocks Decline as Senate Pushes for Earlier End to Wind and Solar Tax IncentivesShares in solar and renewable energy companies across the U.S. and Europe fell sharply on Tuesday following a Senate Republican proposal aimed at speeding up the phase-out of tax credits for wind and solar energy projects.