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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 bill through the House Budget Committee on Friday in Washington, D.C.
  • The failure resulted from resistance among conservative and moderate Republicans over Medicaid work requirements and tax deduction proposals, complicating passage efforts.
  • Key contentious issues included Medicaid changes estimated to strip coverage from over 7.6 million people, and a proposal to triple the SALT deduction cap to $30,000 for joint filers.
  • Rep. Chip Roy said, "Something needs to change or you’re not going to get my support," while Democrats called the package a "big, beautiful betrayal."
  • The failed committee vote stalls Speaker Mike Johnson’s plan to pass the bill next week and highlights the need for negotiations to address conservative demands.
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Fortune broke the news in New York, United States on Wednesday, May 14, 2025.
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