More than an estimated 8 million recipients could lose Medicaid coverage, according to a CBO analysis requested by House Democrats. Republicans say they're targeting able-bodied adults and undocumented immigrants, but other beneficiaries could also be impacted.

The Congressional Budget Office estimates the Republican bill would shrink resources for low-income households.

After a meeting with former President Donald Trump on Tuesday, House Speaker Mike Johnson praised the “Big Beautiful Bill” — officially titled the One Big Beautiful Bill Act — which proposes sweeping federal spending cuts and permanent tax reductions.

The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the richest fifth of Americans would receive two-thirds of the tax cuts. The richest 5 percent alone would receive a little less than half of the net tax cuts that year.

While proposed changes to Medicaid have gotten a lot of attention, the Republican budget bill in Congress would also make other big changes, including changes to your taxes.