Medicaid, Donald Trump and Senate
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Republicans are seeking to limit a tax loophole that gives states more federal matching funds. Many state budgets could be hurt.
The Senate Finance Committee is revising the proposed Medicaid cuts in the GOP’s “big beautiful bill” — a move sure to spur vehement opposition from hospitals.
U.S. solar stocks tumbled on Tuesday after a Senate panel proposed phasing out solar and wind tax credits by 2028, as part of changes to President Donald Trump's sweeping tax-and-spending bill.
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.
One of the most powerful lobbies in Washington is redoubling its efforts to avoid a cut to Medicaid payments in the GOP’s megabill.