Senate Finance Panel Releases Its Budget Plan—Here’s What’s Inside

The Senate Finance Committee on June 16 released a revised draft of its section of the One Big Beautiful Bill Act to implement President Donald Trump’s agenda. The committee text covers most of the biggest agenda items in the legislation, including the federal debt ceiling, energy and tax credits, and other budget items. Its release comes as the rest of the Senate continues to work on revisions to the House-passed legislation. In spite of House Speaker Mike Johnson’s (R-La.) request that changes to the House’s bill be limited—in part due to the difficulties in passing the bill during the first go—the proposal includes some major revisions and omissions that could cause trouble when the bill returns to the House....