Congressional Budget Office

Senate Passes $4.5 Trillion Tax Cuts with $1 Trillion Medicaid Cuts, 12 Million to Lose Insurance

| Importance: 9/10

After a record-breaking vote-a-rama with the most amendment votes in Senate history, the Senate passed Trump’s “One Big Beautiful Bill” 51-50 with Vice President Vance casting the tie-breaking vote.

The Congressional Budget Office confirmed the bill cuts over $1 trillion from …

Senate J.D. Vance Ron Wyden Congressional Budget Office tax-cuts medicaid healthcare wealth-transfer reconciliation
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Obama Signs American Taxpayer Relief Act Making 82% of Bush Tax Cuts Permanent - 'Fiscal Cliff' Deal Locks in $2.8 Trillion in Tax Cuts for Wealthy

| Importance: 9/10

On January 2, 2013, President Barack Obama signed the American Taxpayer Relief Act of 2012 (ATRA) into law, resolving the ‘fiscal cliff’ crisis by making permanent 82% of President Bush’s tax cuts—approximately $2.8 trillion of the $3.4 trillion total Bush tax cut package estimated …

Barack Obama Joe Biden Mitch McConnell John Boehner Harry Reid +3 more tax-policy obama-administration fiscal-cliff bipartisan-complicity wealth-transfer +4 more
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