New York Times: “This time around, Senate Republicans are instead invoking an alternative accounting method that wipes away the cost of extending tax cuts already in place. Republicans argue that the tax cuts they originally passed in 2017, which expire at the end of the year, should be baked into the country’s fiscal forecasts even though Congress has not yet actually renewed them. By that logic, the $3.8 trillion cost of extending the 2017 cuts is zero, and those cuts can be extended for decades even though reconciliation’s rules prohibit long-term deficit increases.”

“The entire Senate Republican bill relies on this view of the tax cuts’ costs. Without this accounting assumption, the legislation would run afoul of Senate rules and require Republicans to rework the entire 940-page project, which President Trump has demanded be ready for his signature by July 4.”

Wall Street Journal: GOP declares tax-cut extensions “free” to obscure megabill’s cost.

President Trump celebrated the retirement announcement of one of the two Republicans who voted against advancing his “big, beautiful bill,” Fox News reports.

Said Trump: “Great News! ‘Senator’ Thom Tillis will not be seeking reelection.”

He added: “For all cost-cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before.”

President Trump urged Senate Republicans on Sunday to overrule the chamber’s parliamentarian in order to pass key parts of his sweeping domestic policy bill, The Hill reports.

“This bill is a real piece of shit it and it would be excellent if that’s all anyone talked about for the next few days. Super interested in your think piece about the NYC mayor’s race but let’s get to that after we try to stop the biggest wealth transfer in American history.”

— Sen. Brian Schatz (D-HI), on X, about the GOP megabill.

Playbook: “At this 11th hour, the megabill is effectively duct-taped together.”