Trump's 'Big Beautiful Bill' Favors Rich, New Analysis Finds
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The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.
A bill that changes Medicaid and extends trillions of dollars in tax cuts is now over a key hurdle. The House Budget Committee passed it late yesterday.
The bill, which Republicans will be working to pass over the next several weeks, is the centerpiece of Trump's legislative agenda.
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Soy Aire on MSNTrump's 'One Big Beautiful Bill Act' and its impact on electric vehicle incentivesThe 'One Big Beautiful Bill Act' proposed by Donald Trump aims to reshape the landscape of electric vehicle incentives in the U.S. by eliminating the federal tax credit, potentially altering the affordability and appeal of EVs.
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.
The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.
While proposed changes to Medicaid have gotten a lot of attention, the Republican budget bill in Congress would also make other big changes, including changes to your taxes.
There have been a lot of changes to the so-called Big Beautiful Bill. Denver7's Brandon Richard is going through some of the biggest impacts you could see if the 1,100-page budget proposal is passed.
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President Trump pushes tax cuts, border security bill on Capitol HillPresident Donald Trump was on Capitol Hill on Tuesday to push the passage of his "big, beautiful bill" which includes large tax cuts, border security spending and other budget cuts.