The bill's huge pricetag will trigger automatic cuts to the third-rail entitlement program that benefits 68.5 million people nationwide.

The Congressional Budget Office correctly stated Trump's tax bill would force cuts to Medicare. Budget analysts are tempering concerns, as the relevant provision is expected to be waived as in prior years.

President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be singed into law by Independence Day