Republican Senator Rand Paul of Kentucky predicted that President Donald Trump's tariffs could lead to the "political decimation" of the Republican Party. Newsweek reached out to the U.S. Treasury for comment via email.

The Senate proposal includes language noting that lawmakers plan to abide by Trump's promise not to cut Social Security, Medicare, and Medicaid benefits while protecting them from "waste, fraud, and abuse," though it is not binding. That language is meant to imply that Medicaid spending could be cut, but that the cuts wouldn't reduce benefits.