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

  • House Republicans failed to pass a large tax cut and spending reform bill in the Budget Committee on Friday, in Washington, D.C.
  • The core failure stemmed from hard-right conservatives demanding deeper Medicaid and green energy tax break cuts, causing clashes within the GOP.
  • The package seeks to extend 2017 tax cuts, increase state and local tax deductions, reduce health and food aid by over $1 trillion, and impose work requirements.
  • The vote failed 16-21 as five Republicans joined all Democrats, with the nonpartisan CBO estimating millions would lose health insurance and food aid support.
  • The failure delays Speaker Mike Johnson's plan to approve the bill next week, but negotiators aim to reconvene Sunday and continue talks over the weekend.
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Fortune broke the news in New York, United States on Wednesday, May 14, 2025.
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