While the fate of President Donald Trump's "Big Beautiful Bill" rests on what happens on Capitol Hill, the potential effects of it reach a lot closer to home.

The Senate Finance Committee on Monday released its version of the GOP’s package that calls for enacting sweeping cuts to Medicaid and preventing a multi-trillion dollar tax hike on Americans.

The proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.