Revised tax bill would speed up cuts to Medicaid, Bloomberg reports

House Republican leaders have released a revised version of President Trump’s tax and spending bill, which includes a higher limit on the deduction for state and local taxes and other changes to win over GOP factions, Bloomberg’s Steven T. Dennis, Ari Natter, Erik Wasson, and Emily Birnbaum report. The updated legislation would speed up cuts to Medicaid, eliminate Biden-era clean energy tax breaks, and make other changes, including raising the state and local tax deduction cap to $40,000, which would begin this year. A vote on passage possible as soon as Thursday, according to the report. Publicly traded companies in the healthcare space include CVS Health (CVS), Centene (CNC), Cigna (CI), Elevance Health (ELV), Humana (HUM), Molina Healthcare (MOH) and UnitedHealth (UNH). Publicly traded companies in the clean energy space include Array Technologies (ARRY), Canadian Solar (CSIQ), Emeren (SOL), Enphase Energy (ENPH), FTC Solar (FTCI), First Solar (FSLR), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG), SunPower (SPWR) and Sunrun (RUN).