Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 years, according to the CBO.

Last-minute changes to the GOP budget plan that House Republicans voted through early Thursday morning may have a wider impact on Medicaid coverage for mental health services. More than 70 million Americans rely on government programs like Medicaid for healthcare.

House Republicans advanced a multitrillion-dollar tax and spending package that could have sweeping impacts on household finances. The "One Big Beautiful Bill Act” extends the 2017 Trump tax cuts, slashes spending on social safety net programs such as Medicaid and SNAP and overhauls federal student loans.