Tag: Trump’s big beautiful bill
Majority of Americans Worried About Trump’s Medicaid Cuts
70%
A new KFF Health poll finds that more than 70% of Americans are worried about the impact of Medicaid cuts in the bill leading to more people uninsured and hurting hospitals.
CBP: Trump’s Bill Would Add $2.4 Trillion to Debt
$2.4 trillion
“The nonpartisan Congressional Budget Office on Wednesday released a revised estimate of the cost of President Donald Trump’s tax-cut bill passed by the U.S. House of Representatives, concluding it will add $2.4 trillion to the federal government’s $36.2 trillion debt,” Reuters reports.
Stephen Miller’s Love of Hyperbole on Display
“The BBB will increase by orders of magnitude the scope, scale and speed of removing illegal and criminal aliens from the United States. For that reason alone, it’s the most essential piece of legislation currently under consideration in the entire Western World, in generations.”
— Trump aide Stephen Miller, on X, defending the Republican budget bill after Elon Musk called it a “disgusting abomination.”
Wall Street Warns Trump About Affects of His ‘Big, Beautiful Bill’
“Wall Street bankers and executives are privately warning the Trump administration that the tax bill moving through Congress could stoke investor anxiety about rising deficits, push up U.S. borrowing costs and damage the broader economy.”
— Washington Post
Elon’s Exit Interview
Elon Musk is leaving after DOGE saved the nation hundreds of bucks.
Now it’s back to business to focus on spaceships, Mars and cyber trucks.
All in all, Musk had a pretty good run,
And breaking the government sure was fun!
But he left a parting shot for Trump: “Your big, beautiful bill sucks!”
Big, Beautiful Tax Plan Now Costs $4 Trillion
$3.94 trillion
“House Republicans’ tax package is now expected to cost nearly $4 trillion, thanks in part to a last-minute deal to further increase a cap on state and local tax deductions,” Politico reports. “The legislation approved last week by the House is now anticipated to cost $3.94 trillion over the next decade, the official Joint Committee on Taxation said.”
Too Bad It’s Rand Paul Who’s Speaking Out
“I support spending cuts. I think the cuts currently in the bill are wimpy and anemic, but I still would support the bill, even with wimpy and anemic cuts, if they weren’t going to explode the debt. The problem is the math doesn’t add up. They’re going to explode the debt. … Somebody has to stand up and yell, ‘the emperor has no clothes.’ Everybody is falling in lockstep on this, ‘Pass the big, beautiful bill. Don’t question anything.’ Well, conservatives do need to stand up and have their voices heard.”
— Sen. Rand Paul (R-KY), on Fox News Sunday.
It’s Trump’s Bill
It’s great for the rich, bad for the poor and ill.
For MAGA GOPers, it’s magnificent,
But the outlook for millions is desolate.
Screw Moody’s and the deficit — it’s a Triumph of the Will.