POLITICO | The Stealth Senate Dealmaker Who Could Deliver Trump’s Tax Cuts

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Senate Republicans expect to begin wrapping up the upper chamber’s revisions to the reconciliation bill passed by the House. While members still differ over the package’s overall size, Medicaid cuts, the SALT deduction cap, and ending the renewable energy tax credits, the GOP leadership hopes to begin floor votes later this week.

On Monday, the Senate Finance Committee is expected to publish its version of the health care and tax portions of the budget reconciliation package. Disagreements remain over the bill’s overall size, Medicaid changes, the SALT tax deduction cap, and repealing the renewable-energy tax credits. Additionally, the upper chamber will vote this week on legislation to regulate stablecoins.

As Senate committees continue to work on their portions of the reconciliation bill, the House will take up a White House proposal to axe $9.4 billion in spending. GOP leaders remain hopeful to have a bill ready by July 4, but differences remain over tax cuts and reductions in Medicaid spending. In London, U.S. and Chinese officials will meet to discuss the countries’ ongoing trade issues.

This week, the Senate Finance Committee voted along party lines to advance RFK Jr.’s nomination to be HHS Secretary to the full Senate, while President Trump imposed tariffs on imports from China but delayed tariffs on imports from Canada and Mexico.