Economists have estimated that previous versions of the bill could add trillions to the national debt, but many haven’t had the chance to review the latest Senate version.
The Senate majority leader, John Thune, on Friday. The hasty pursuit of a vote is designed to satisfy President Trump’s self-imposed July 4 deadline to finalize the bill.
Economists have found the Republicans’ signature legislation is likely to deliver great benefits to the rich while taking away benefits like food aid from the poor.
In response to estimates showing that the policy bill would yield limited growth, administration officials have sought to discredit experts while presenting a more optimistic view of the president’s economic agenda.
The president’s top aides have signaled they may seize on a timing quirk in law to cancel enacted funds, setting up a clash over the power of the purse.
Russell T. Vought, the director of the White House Office of Management and Budget, told lawmakers on Capitol Hill this month that there were “all manner of provisions” that could help the president cut spending, even without the help of Congress.
The proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.
The 549-page measure, released by the Senate Finance Committee, outlines changes to Medicaid that would be far more aggressive than the version passed in the House, making millions more Americans subject to a work requirement.
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