Senate conservatives led by Ron Johnson threaten Trump's tax package

Trump’s tax and spending package would add $3.8 trillion to the national debt over the next decade, raising the total from $36.2 trillion to about $40 trillion (CBO estimate).

The $3.8 trillion increase equals approximately $11 400 of new debt per American citizen.

The U.S. national debt has reached roughly 124 percent of GDP—the highest level since World War II.

Interest payments on the debt now consume about one out of every eight federal dollars spent, exceeding the entire military budget.

The current federal cap on state and local tax (SALT) deductions remains $10 000.

The Senate proposal would reduce state provider taxes for Medicaid from 6 percent today to 3.5 percent by 2031, deepening cuts to a key funding source for hospitals.

The House passed the bill by a 215–214 vote, with two Republicans opposing, one voting present and one absent.

Republicans hold a 53–47 majority in the Senate and can afford to lose up to three GOP votes and still pass the legislation with Vice President Vance’s tie-breaking vote.

Senate GOP leaders set a self-imposed July 4 deadline for final passage and threatened to hold senators in 🌲Washington over the Independence Day recess if necessary.

The package also includes a $4 trillion increase in the federal debt ceiling to avoid a default on existing obligations.