World Business Report US Business body reacts to Donald Trump's "beautiful" bill
May 22, 2025
Brian Merchant, an American technology journalist and author, joins to discuss several hot-button issues. He delves into the implications of Donald Trump's 'big beautiful' bill and its proposed tax cuts for small businesses. The conversation also highlights the FTC's dismissal of the Microsoft-Activision Blizzard merger case and its impact on tech innovation. Shifting gears, they touch on Manchester United's financial woes following a recent loss, raising questions about the club's future branding and revenue challenges.
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Trump's 'Big, Beautiful' Bill Impact
- President Trump's "big, beautiful" bill focuses on tax cuts, border security, and spending cuts for low-income programs.
- It aims to stimulate economic growth by reducing taxes and encouraging small business investment through increased expensing limits.
Small Business Benefits of Bill
- The bill favors small businesses with tax relief and incentives for equipment purchase.
- Small business growth could drive GDP and employment improvements significantly.
US Debt Impact on Budget
- High US public debt leads to rising interest payments consuming a large budget share.
- This debt burden threatens national defense funding and increases economic vulnerability.