Consider This from NPR The Trump domestic policy megabill is set to become law
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Jul 3, 2025 A sweeping domestic policy bill has passed Congress, featuring drastic cuts to clean energy incentives, Medicaid, and food assistance while boosting tax cuts and immigration enforcement. President Trump's role in rallying support from a divided Republican Party is examined amidst growing political tensions. The implications for American taxpayers are significant, with potential long-term effects on federal debt and the safety net for millions. The legislation's controversial nature sets the stage for upcoming midterm elections amid an increasingly polarized political landscape.
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Trump's Role in Passing Bill
- President Trump was instrumental in persuading Republicans to pass the bill despite their initial opposition.
- Intense political pressure and promises ensured that most Republicans voted for the unchanged bill.
Tax Cuts Favor the Wealthy
- The tax cuts mainly benefit the top 20% of earners, while low-income Americans may be worse off.
- Cuts to Medicaid and food assistance outweigh tax savings for the poorest.
Economic Impact of the Bill
- The bill will add trillions to the federal deficit over the next decade.
- Increased immigration enforcement is likely to reduce the foreign-born workforce and shrink economic growth.