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The U.S. Senate plans to launch major adjustments to Trump's tax reform bill this week

Internet reports that Senate Republicans are eager to complete legislation by July 4 for the core economic plan backed by Trump and plan to announce revised tax and health care provisions this week. The Senate Finance Committee's goal is to achieve savings by cutting Medicaid spending, which may involve Medicare. The plan is expected to differ from the version narrowly passed in the House in May. The disclosure of details of the plan is likely to trigger a new round of divisions within the Republican Party between fiscal conservatives and moderates.

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