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House Budget Committee rejects Trump agenda bill in major setback for GOP leaders

  • House Republicans failed to advance President Donald Trump’s tax and spending cuts package through the Budget Committee on Friday by a 16-21 vote.
  • The failure occurred after hard-right conservatives joined all Democrats in opposing the bill, demanding steeper Medicaid and green energy tax credit cuts before supporting it.
  • The bill aimed to make the 2017 tax cuts permanent, increase the cap on deductions for state and local taxes to $30,000 for joint filers, and reduce funding by over $1 trillion for healthcare and nutrition assistance programs.
  • The plan would reduce Medicaid by nearly $800 billion, cause at least 7.6 million to lose health insurance, and cut about 3 million monthly SNAP recipients, according to the nonpartisan Congressional Budget Office.
  • The failed vote delays Speaker Mike Johnson’s effort to pass the bill next week, with lawmakers negotiating through the weekend and planning another vote Sunday night.
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Fortune broke the news in New York, United States on Wednesday, May 14, 2025.
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