#BTCWhaleMovement Extension of 2017 Trump tax cuts

During his first term, Trump had signed the Tax Cuts and Jobs Act, which lowered taxes for corporations and for individuals across most income brackets.

Trump had touted the law as one that would stimulate economic growth, but experts have argued that it has benefited wealthy Americans the most.

Key provisions of that law are set to expire in December, but the sprawling budget bill currently before lawmakers aims to make those tax cuts permanent. It also increases standard deductions by $1,000 (£736) for individuals and $2,000 for married couples until 2028.

Steep cuts to Medicaid

To help finance tax cuts elsewhere, Republicans have added additional restrictions to Medicaid, the healthcare programme relied upon by millions of disabled and low-income Americans.

One of the changes is a new work requirement for childless adults without disabilities. Another change to Medicaid is shifting re-enrolment from once a year to every six months, and adding income and residency verifications.