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Trump's 'Big Beautiful Bill' Could Boost NC Economy - or Hurt GOP Prospects in 2026

UNITED STATES, JUL 04 – The bill enacts nearly $4.4 trillion in tax cuts over a decade and includes cuts to social safety net programs, sparking political debate and close congressional votes.

  • On Friday, President Donald Trump signed the One Big Beautiful Bill into law after narrow congressional votes at the White House.
  • Driven by expiring first-term tax rates and Trump priorities, the bill passed narrowly with $4.4 trillion in cuts over a decade, fulfilling campaign promises.
  • The bill passed the House 218-214 and the Senate 51-50 via Vice President Vance, with projections estimating a $4 trillion rise in national debt.
  • Implementation begins July 9, pressuring state budgets as federal spending cuts create revenue challenges, according to political scientist Chris Cooper.
  • As the 2026 midterm elections approach, the bill’s unpopularity may threaten Republican control and leave 11.8 million Americans uninsured by 2034.
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CHRONIQUE. Can Trump's "great and beautiful finance law" cost the Republicans their majority next year? Press review of a bet deemed dangerous.

·Paris, France
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Neue Zürcher Zeitung broke the news in Zürich, Switzerland on Friday, July 4, 2025.
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