Legislative Updates

On July 3, after a record-breaking almost 9-hour speech by Minority Leader Hakeem Jeffries (D-NY), the US House of Representatives passed the Senate version of the “One Big Beautiful Bill Act” (H.R. 1) by a vote of 218 to 214 that included all Republicans voting for it except Rep. Thomas Massie (R-KY) due to the high cost of the bill and Rep. Brian Fitzpatrick (R-PA) due to the severe Medicaid cuts.

The House passed the “One Big Beautiful Bill Act” (HR 1) that uses the budget reconciliation process to bypass Democratic opposition and now the Senate is crafting their version. The measure would make permanent lower tax rates from the 2017 tax law (PL 115-97) that expires at the end of the year and would add new tax breaks for seniors and tipped and overtime wages.

Last week was a culmination of across-the-board cuts totaling billions of dollars and tens of thousands of staff from agencies focused on health and safety, such as NIH, FDA, the Federal Emergency Management Agency and the National Oceanic and Atmospheric Administration.

Today the Department of Health and Human Services is executing its plan to fire 10,000 employees along with job cuts in other agencies spanning government.