Trump’s Big Beautiful Bill Sputters
Digest more
16mon MSN
What was supposed to be a late-night procedural step toward delivering Trump a vital legislative win instead exposed deep and widening fractures within the House GOP conference.
House Republicans are proposing to gut energy savings and clean energy tax credits in President Donald Trump’s “big, beautiful” tax bill — money that is creating thousands of jobs in GOP states.
More than an estimated 8 million recipients could lose Medicaid coverage, according to a CBO analysis requested by House Democrats. Republicans say they're targeting able-bodied adults and undocumented immigrants, but other beneficiaries could also be impacted.
Rep. Thomas Massie (R-Ky.) warns that the Trump-endorsed tax cut bill would add $20 trillion to the debt over the next 10 years.
Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.
Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,
A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Goldman Sachs' Alec Phillips.
The White House Council of Economic Advisers has released new taxpayer savings projections for President Donald Trump's "big, beautiful bill."