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Senate Proposes Major Medicaid Cuts and Tax Changes

6/17/2025

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Summary

Story summary

The Senate Finance Committee is shaking things up with proposed cuts to Medicaid and the Child Tax Credit, while also altering clean energy tax incentives. Stricter work requirements for Medicaid are on the table, and the Child Tax Credit is set to drop to $2,200 per child, falling short of the House's $2,500 plan.

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Story summary

The Senate Finance Committee is shaking things up with proposed cuts to Medicaid and the Child Tax Credit, while also altering clean energy tax incentives. Stricter work requirements for Medicaid are on the table, and the Child Tax Credit is set to drop to $2,200 per child, falling short of the House's $2,500 plan.