From Medicaid workfare to tax-free tips, key provisions of Trump's 'one big beautiful bill' emerge
The House Energy and Commerce Committee released the text of the legislation Sunday evening.
House Republicans are beginning to unveil their legislation that will codify many of President Donald Trump's signature issues from no taxes on tips and overtime to ending wasteful government spending and regulation.
House leadership has announced plans to have the Agriculture, Ways and Means and Energy and Commerce Committees mark up the various legislative proposals starting this week before they are rolled up into what Trump has called "one big beautiful bill" known as a continuing reconciliation.
One of the biggest new ideas that surfaced Monday is a plan to require able-bodied Medicaid recipients to work as a requirement of their welfare.
“When so many Americans who are truly in need rely on Medicaid for life-saving services, Washington can’t afford to undermine the program further by subsidizing capable adults who choose not to work," House Energy and Commerce Committee Chairman Brett Guthrie wrote in an OpEd.
Here are some of the early provisions House Republicans have unveiled as part of their tax and reconciliation legislative packages:
- Extend the expiring portions of Trump's 2017 tax cuts, preventing $4 trillion in new taxes from being imposed on Americans.
- Triple the tax break Americans can take annually for state and local taxes from the current $10,000 cap to a new $30,000 limit.
- Raise $88 billion by reauthorizing the Federal Communications Commission’s spectrum auction authority.
- Codify no taxes on tips and overtime for workers.
- Impose workfare requirements for Medicaid recipients.
- Require colleges to pay a higher special tax on their endowment-investment earnings.
- Make it harder for corporations to deduct the pay of highly compensated executives.
- End many of the Biden era's green-energy subsidies championed by Democrats.
- Create stricter eligibility checks for Medicaid.
- Set deduction limits for taxpayers with a marginal tax rate of 37%.
- Increase border security funding.
- Create a new tax-preferred MAGA savings account for children under the age of eight, allowing parents to contribute $5,000 annually to help a child after they turn 18.
"This bill delivers on what Americans voted for with President Trump’s promise to put America first — with tax policies that reward hard work, bring jobs back home, increase opportunity and rebuild the economy,” Ways and Means Committee Chairman Jason Smith (R-Mo.) said.