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Trump’s Tax Bill Is Missing Elon Musk’s ‘$1 Trillion’ in Savings

Summary by ITEP
The centerpiece of the tax and spending bill that President Trump is expected to sign tomorrow is a significant tax cut for wealthy families, partly tacked onto the national debt and partly paid for with cuts to health care, climate investments, and other public services. But just how large would the tax cuts for wealthy families be? ITEP’s analysis of data from Congress’ Joint Committee on Taxation (JCT) and other sources suggests that a tiny s…

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It was a rejected vote, but the “big beautiful bill” of the Trump administration passed into the Senate and is about to become law. What does the tax package of $3.3 billion contain?

·Portugal
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Observador broke the news in Portugal on Wednesday, July 2, 2025.
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