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Here’s How Trump’s ‘Big Beautiful Bill’ Would Impact Housing | News Channel 3-12
- Senate Republicans are negotiating the One Big Beautiful Bill Act’s tax provisions while balancing Senate and House approval as of June 16, 2025.
- The bill builds on fiscal trends from the 2017 Tax Cuts and Jobs Act that increased stock buybacks, lagged real wage growth, and widened inequality.
- Analyses show the bill would add about $2.4 trillion to federal debt by 2034 and cause cuts to Medicaid and food aid, potentially removing coverage for roughly 16 million mostly rural Americans.
- According to the Congressional Budget Office, individuals in the lowest 10% income bracket would face an average annual loss of around $1,600, whereas those in the highest 0.1% would see gains of approximately $12,000 under the bill’s terms.
- Proposed amendments may modify tax credits and deduction caps, with no official markup expected before the Fourth of July, and the bill’s impacts continue to prompt debate on federal priorities.
33 Articles
33 Articles
Colorado Springs Gazette
Washington ExaminerSenate GOP releases tax plan with smaller child tax credit boost
Senate Republicans released text Monday for the tax section of the One Big Beautiful Bill Act that includes a smaller boost to the child tax credit than the version of the bill passed by House Republicans. The Senate bill would…
Newsbug.info
Senate expected to drop tax, Medicaid edits to 'big, beautiful bill'
(The Center Square) – Senate Republicans are expected to reveal some of their revisions to the tax and Medicaid portions of the One Big Beautiful Bill Act, inching closer to a nail-biter floor vote.
Big Beautiful Bill screws poor people and Trump's voters the most.
Unfortunately MAGA and other Trump voters fail to realize that the Big Beautiful Bill will screw them more than most since they are more dependent on government than anyone else. The post Big Beautiful Bill screws poor people and Trump’s voters the most. appeared first on EgbertoWillies.com.
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