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

  • House Republicans failed to pass a 1,116-page budget bill with tax breaks and spending cuts on May 16, 2025, in a House Budget Committee vote.
  • Conservative Republicans blocked the bill seeking steeper Medicaid and green energy tax credit cuts, while some Democrats opposed on grounds of health and social program reductions.
  • The bill aims to lower spending by over $1 trillion largely through work requirements for Medicaid and SNAP recipients and provides significant tax deductions and credits favoring higher earners.
  • The nonpartisan Congressional Budget Office projects 7.6 million fewer insured and 3 million fewer SNAP recipients monthly if the bill passes, while Rep. Chip Roy warned, "Something needs to change or you're not going to get my support."
  • The failure stalled Speaker Mike Johnson's plan to pass the bill before Memorial Day, suggesting ongoing intra-party negotiations and uncertain prospects for the package's House approval.
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Fortune broke the news in New York, United States on Wednesday, May 14, 2025.
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