‘Fiscally irresponsible’: Trump’s ‘big, beautiful bill’ benefits the rich at the expense of the poor

Bill will make permanent huge tax cuts to the wealthy and cost the government $4.6tn over the next 10 years

Republicans in Congress are trying to pass a new tax and spending bill that may end up being a “big, beautiful bill” – but mostly for wealthy Americans.

With majorities in both the House and Senate, Republicans are working to pass the One Big Beautiful Bill Act that is set to make permanent huge tax cuts that were established in 2017.

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​Bill will make permanent huge tax cuts to the wealthy and cost the government $4.6tn over the next 10 yearsRepublicans in Congress are trying to pass a new tax and spending bill that may end up being a “big, beautiful bill” – but mostly for wealthy Americans.With majorities in both the House and Senate, Republicans are working to pass the One Big Beautiful Bill Act that is set to make permanent huge tax cuts that were established in 2017. Continue reading… US taxation, Trump administration, US economy, Medicaid, US healthcare, Trump tariffs, Tariffs, Business, Economics, Donald Trump, Mike Johnson, Republicans, US news, US politics Business | The Guardian

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