World Business Report Trump's 'One Big Beautiful Bill' finally passes through congress
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Jul 3, 2025 
Kerry Leahy, an economist at Columbia University, and Erin Delmore, a North America business correspondent, delve into the implications of Donald Trump's massive finance bill, especially for poorer Americans reliant on government support. They explore recent legislative impacts on economic stability, job growth in various sectors, and the potential fatigue with superhero films, like Superman’s resurgence. Plus, they discuss the financial surge associated with Oasis's reunion tour, revealing the deep emotional connections fans have with their beloved band.
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Bill Favors High Earners
- The bill makes permanent the 2017 Tax Cuts and Spending Act, benefiting mostly higher earners.
- It cuts aid to low-income Americans through Medicaid and food stamps, impacting vulnerable populations.
Debt Increase From Tax Cuts
- The bill is projected to add $3.4 trillion to the US national debt over the next decade.
- Tax cuts mainly cause this increase, which could burden younger Americans more in the long term.
Political Impact and Voter Awareness
- Republicans expect low voter turnout from affected low-income groups, reducing political repercussions.
- Many voters do not realize how federal funds impact the services they use locally.