President Trump is advocating for a comprehensive tax bill that includes significant cuts and aims to solidify his agenda, which has largely relied on Executive Orders.

The proposed legislation seeks to extend the tax cuts from the Tax Cuts and Jobs Act of 2017, which are set to expire at the end of 2025.

Democrats are criticizing the Republicans' tax plan, arguing that it primarily benefits the wealthy, with Elon Musk cited as a key beneficiary.

Democratic leader Hakeem Jeffries has condemned the bill, stating it favors the top 1% of Americans while leading to significant cuts in healthcare and food assistance.

A bipartisan Congressional analysis warns that proposed cuts to Medicaid could lead to substantial income losses for the working and poor classes, while the top 0.1% could see significant gains.

The bill faces hurdles in the Senate, requiring 60 votes to pass, which poses a challenge given the Republicans' slim majority and potential opposition.

Trump is urging Republicans to unify behind this 'great and beautiful legislation', despite dissent within the party regarding spending cuts.

Moderate and conservative Republicans have expressed concerns over specific provisions and the overall cost of the bill, estimated at $3.8 trillion.

The proposed Medicaid cuts are projected to exceed $800 billion over the next decade, risking health insurance for millions of low-income Americans.

Rep. Jason Smith, chairman of the House Ways and Means Committee, claims that the bill will prioritize the needs of working families and small businesses.

Key features of the tax proposal include increases in tax benefits for lower and moderate-income taxpayers, such as raising the child tax credit and enhancing standard deductions.

An independent Congressional committee estimates that extending these tax breaks could increase the federal deficit by over $4.8 trillion over the next decade.