Rep. Chris Roy: Senate tax bill 'needs to improve' before it comes back to the House

Fiscal Policy & Deficit Concerns - The industry emphasizes the importance of avoiding tax increases for Americans [3] - The industry expresses concern that the Senate bill could add up to $1 trillion of additional deficits [5] - The industry believes deficits should go down to combat inflation and lower interest rates [8] - The industry highlights the need for more cost savings to combat inflation and lower interest rates [12] - The industry notes that the House bill assumed 26% economic growth and aimed to be roughly break-even, with a potential $72 billion increase in deficits over a decade [4] Welfare & Work Requirements - The industry advocates for work requirements for those receiving benefits like Medicaid and food stamps [15] - The industry aims to return to the common sense welfare reform of the 1990s [16] - The industry points out that Medicaid benefits are projected to increase by 30% over the next 10 years under the proposed bill [19] - The industry wants to ensure that food stamp dollars are redirected to those who most need them with appropriate eligibility checks [20] Energy Policy - The industry opposes subsidizing inefficient energy that enriches the Chinese [6] - The industry wants to terminate the Green New Deal subsidies [5][8] State and Local Tax Caps - The industry opposes rewarding blue state high tax jurisdictions with a big pop to the state and local tax caps, which could cost another $350 billion [17]