the 'Big, Beautiful' Tax Bill Is Worrying Bond Investors
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House Republicans are preparing to vote on their multi-trillion-dollar package of tax breaks and program cuts as soon as Wednesday.
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,
President Donald Trump has implored House Republicans on Capitol Hill to drop their fights over his big tax cuts bill. On social media
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.
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GOP governors unite to support Trump's "one big, beautiful bill," aiming to advance his agenda on tax cuts and energy. The bill's passage remains uncertain.
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A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Goldman Sachs' Alec Phillips.
Investors burned by President Trump’s trade fight now have to contend with a spending megabill that risks swelling the federal deficit.
Trump urges Republicans to pass a major tax bill, facing opposition from Democrats and concerns over increasing the national debt by $3.3 trillion.