House Republicans' "Big, Beautiful Bill": Tax Cuts, Spending Cuts, and Medicaid Overhaul

House Republicans are poised to pass a sweeping bill that includes substantial tax cuts and spending reductions. The legislation, referred to by some as the "big, beautiful bill," has sparked intense debate. Key provisions include making the 2017 tax cuts permanent, a move that would significantly impact the national debt. Additionally, the bill proposes temporary tax breaks and alters the way states finance Medicaid, introducing stricter work requirements for able-bodied adults under 64 who are not caring for dependents. The Congressional Budget Office projects that these changes could save over $700 billion, which would help offset the cost of the tax cuts. However, critics argue that these measures could harm vulnerable Americans. "This is going to hurt the most vulnerable Americans," stated one Democratic representative. House Republicans counter that these changes are necessary reforms for a system costing taxpayers too much. The bill's passage will likely have long-term implications for the US economy and social welfare programs.