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

  • House Republicans failed to pass their tax and spending package through the Budget Committee on Friday in Washington, marking a setback for GOP leaders.
  • The failure occurred because hard-right lawmakers demanded deeper Medicaid cuts and reversals of Biden-era green energy tax breaks before supporting the bill.
  • The 1,116-page bill proposes tripling state and local tax deductions, adds over $46 billion for a border wall, and includes steep health and food assistance cuts.
  • The vote failed 16-21, with five Republicans joining Democrats to oppose the package, which would slash more than $1 trillion from programs and potentially remove 7.6 million insured individuals according to the CBO.
  • The stalled bill delays Speaker Mike Johnson's effort to approve it next week, while lawmakers plan weekend negotiations and the Budget Committee aims to retry the vote Sunday.
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Fortune broke the news in New York, United States on Wednesday, May 14, 2025.
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