Republicans are seeking to limit a tax loophole that gives states more federal matching funds. Many state budgets could be hurt.

In a bid to renew Trump-era tax cuts and introduce new deductions, Senate Republicans have unveiled an economic package proposing deeper cuts to vital programs like Medicaid and SNAP. These measures aim to fund extensive tax cuts for households and businesses,

Senate Republicans are proposing deeper cuts to Medicaid than the House of Representatives' recently passed budget bill to help pay for President Donald Trump's major tax cuts under a budget plan released on June 16.