ANALYSIS — Republicans are yet to enact their “one, big, beautiful bill,” but both parties are confident about its impact on an election more than a year away.
Ultimately, time and voters will decide whether the legislation, which includes changes to Medicaid, is politically popular or would jeopardize GOP control of Capitol Hill.
The wide-ranging measure is chock-full of items for Democrats and Republicans to argue over, but there was also a rare moment of bipartisanship. Democrats, including House Minority Leader Hakeem Jeffries; Elon Musk; the Congressional Budget Office; and GOP Sens. Ron Johnson of Wisconsin and Rand Paul of Kentucky all agree that the bill would add to the federal deficit. According to the CBO, it would cut taxes by $3.7 million and add $2.4 trillion to deficits over the next 10 years.
