00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Senate Republicans passed Trump's sweeping tax and spending package by a razor-thin margin
00:07Tuesday after an all-night Von-A-Rama and visible party division, the AP reported.
00:11Senate bill includes $4.5 trillion in tax cuts, being Trump's 2017 rates permanent,
00:17adding new cuts while repealing green energy tax credits. It also imposes $1.2 trillion in cuts
00:22to Medicaid and food stamps through stricter work requirements and eligibility rules,
00:26while allocating $350 billion for border and national security.
00:31The nonpartisan Congressional Budget Office projects the legislation to leave 11.8 million
00:35more Americans uninsured by 2034 and raise the federal deficit by nearly $3.3 trillion over
00:42the decade. The House is expected to vote Wednesday with GOP leaders aiming to send the bill to
00:46Trump by July 4th.
00:48For all things money, visit Benzinga.com.
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