- $3.8 trillion tax plan extends 2017 cuts through 2035
- 7.6M Americans projected to lose Medicaid coverage by 2032
- $46B border security package includes 650 miles of new wall
- New work requirements for SNAP recipients aged 18-64
- MAGA savings accounts offer $1,000 federal seed money
House Republicans have unveiled sweeping legislation combining tax policy reforms with dramatic social spending changes. At 1,013 pages, the bill represents one of the most consequential fiscal packages since the 2017 Tax Cuts and Jobs Act. Analysts note the strategic timing aims to lock in priorities before potential political shifts in November.
The tax provisions alone would cost $3.8 trillion through 2035, according to Joint Committee on Taxation estimates. By making temporary measures from Trump’s first term permanent, middle-class families could see $1,600 average annual savings through 2028. However, the elimination of Biden-era clean energy credits threatens 45,000 green manufacturing jobs in Midwestern states according to Brookings Institute analysis.
Healthcare reforms spark particular controversy, with new Medicaid work requirements beginning in 2029. Able-bodied adults without dependents must document 80+ monthly hours of employment or community service. Rural healthcare advocates warn this could devastate Appalachian communities where 22% of Medicaid recipients lack reliable transportation to job sites.
The border security package allocates more funds than Trump’s entire 2017-2020 wall construction budget. New provisions allow seizure of private land within 50 miles of the border and mandate deportation of 1M undocumented immigrants annually. A Montana case study shows how $9B in public land sales could impact grazing rights in Yellowstone County.
Three critical industry insights emerge from the legislation:
- Pharma companies gain $28B in R&D tax incentives through 2031
- Universities face 21% endowment tax for schools with $500M+ assets
- Oil drilling royalties on federal land drop from 18.75% to 12.5%
Education reforms prove equally transformative, replacing income-driven repayment plans with fixed 10-year schedules. Student loan experts predict this could increase default rates by 37% among public service workers. The bill notably excludes protections for borrowers attending colleges that abruptly close.
As lawmakers race toward Memorial Day deadlines, procedural hurdles remain. The House Rules Committee must reconcile last-minute additions like the Nevada land sales provision, which conservation groups argue threatens desert tortoise habitats. With CBO scoring still pending, moderate Republicans from agricultural districts demand stronger crop insurance protections before committing votes.
