ANALYSIS — Republicans are yet to enact their “one, big, beautiful bill,” but both parties are confident about its impact on an election more than a year away.

Ultimately, time and voters will decide whether the legislation, which includes changes to Medicaid, is politically popular or would jeopardize GOP control of Capitol Hill.

The wide-ranging measure is chock-full of items for Democrats and Republicans to argue over, but there was also a rare moment of bipartisanship. Democrats, including House Minority Leader Hakeem Jeffries; Elon Musk; the Congressional Budget Office; and GOP Sens. Ron Johnson of Wisconsin and Rand Paul of Kentucky all agree that the bill would add to the federal deficit. According to the CBO , it would cut taxes by $3.7 million and add $2.4 trillion to defici

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