GOP’s ‘One Big Beautiful’ bill proposes Medicaid cuts, increase in child credit and tax breaks for tips and overtime

Why did UnitedHealth's CEO resign abruptly? How will the U.S.-China tariff truce impact imports? What caused Coinbase's stock to jump recently? Why is Honda delaying its EV project in Canada? How did Nvidia’s Saudi AI deal affect its stock? What are the implications of Trump lifting Syria sanctions? Why is Microsoft cutting 3% of its workforce? How is the U.S.-Saudi $600B investment deal structured? What effect did tariff cuts have on U.S. inflation?

GOP’s ‘One Big Beautiful’ bill proposes Medicaid cuts, increase in child credit and tax breaks for tips and overtime

fortune.com/2025/05/13/republican-big-beautiful-tax-bill-medicaid-maga-accounts

Republican lawmakers have released more details on their long-awaited reconciliation tax bill, which features proposed cuts to Medicaid and clean energy projects, and lower taxes for high income Americans. Titled "THE ONE, BIG, BEAUTIFUL BILL" in a nod to President Donald Trump, the…

This story appeared on fortune.com, 2025-05-13 14:04:27.