What's included in the Republican 'ONE BIG, BEAUTIFUL' tax bill: Deep Medicaid cuts, estate tax breaks, and 'MAGA' accounts

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What's included in the Republican 'ONE BIG, BEAUTIFUL' tax bill: Deep Medicaid cuts, estate tax breaks, and 'MAGA' accounts

^{Published on 2025-05-14 13:49:45 - Fortune}

The House Ways and Means Committee will meet Tuesday to consider the plan. Here's what's currently included for individuals.

The article from Fortune, dated May 13, 2025, discusses a proposed Republican tax bill described as "big and beautiful" by its proponents. The bill aims to significantly alter the tax landscape by introducing MAGA (Make America Great Again) accounts, which would allow individuals to save money tax-free for various purposes, including education and healthcare. Additionally, the legislation proposes cuts to Medicaid funding, sparking controversy and debate over its potential impact on low-income families. Critics argue that the tax bill favors the wealthy and could exacerbate income inequality, while supporters believe it will stimulate economic growth and provide more financial freedom to Americans. The bill's passage remains uncertain as it faces opposition from Democrats and some moderate Republicans concerned about its social welfare implications.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/13/republican-big-beautiful-tax-bill-medicaid-maga-accounts/ ]

N@N

What's included in the Republican 'ONE BIG, BEAUTIFUL' tax bill: Deep Medicaid cuts, estate tax breaks, and 'MAGA' accounts