CNN — Seniors, students, taxpayers, children, parents, low-income Americans and just about everyone else will be affected by the massive tax and spending bill being hashed out in real time on Capitol Hill.
Republicans call it President Donald Trump’s “One Big Beautiful Bill Act,” but there have been several versions. The latest passed the Senate on Tuesday with Vice President JD Vance’s tie-breaking vote.
Senate Republicans’ version of the bill differs in key ways from what the House passed in May. Both chambers will ultimately have to pass the same version to send the package to Trump’s desk by his desired July Fourth deadline.
Here’s what we know about how the Senate bill will affect …
… people on Medicaid: millions will lose coverage
For many Medicaid enrollees, the biggest impact would be the new work requirement. Certain able-bodied Americans ages 19 to 64 who are enrolled through the Medicaid expansion would have to work, volunteer, attend school or participate in job training at least 80 hours a month. The mandate would also apply to parents of children ages 14 and older.
In addition, expansion enrollees would have their eligibility reviewed more frequently and would have to pay up to $35 for certain care.
… people who need help affording food: fewer will get it
More Americans who receive food stamps would have to work to keep their benefits. The bill would broaden the existing work mandate to enrollees ages 55 to 64 and parents of children ages 14 and older, as well as to veterans, former foster youth and people experiencing homelessness.
… people with Affordable Care Act policies: more difficulty getting covered
Americans looking for coverage on the Obamacare exchanges could have a tougher time enrolling in plans and receiving federal subsidies to help pay their premiums. The bill would increase verification requirements and would effectively end automatic reenrollment …
