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Pennsylvania Hospitals Expected to Lose Out Under ‘Big Beautiful Bill’
- On Tuesday, the Senate passed Trump's ‘big, beautiful bill,’ with major business groups applauding its passage before the president signs it into law on July 4.
- Reinstating key tax breaks, the bill makes permanent the 2017 Tax Cuts and Jobs Act provisions, restores immediate equipment expensing, and allows full R&D deductions, significantly benefiting businesses.
- Analysis reveals high earners will net nearly US$13,000 more annually, while millions of low-income Americans face benefit losses, with deficits forecasted to rise $3.4 trillion over a decade.
- The CBO warns up to 11.8 million could lose coverage, with advocates fearing over 300 hospital closures and reduced care access nationwide.
- Fiscal analysts warn that adding trillions to the debt risks raising interest rates, which could increase borrowing costs for mortgages, cars, and businesses.
14 Articles
14 Articles
The "Big Beautiful Bill", as Trump calls his new budget law, brings trillions of new debts. However, the bond market could make a dash of money for him.
The Delaware County Daily Times
The Times HeraldPennsylvania hospitals expected to lose out under ‘Big Beautiful Bill’
Pennsylvania’s hospitals and health care providers could be among the biggest losers under President Donald Trump’s tax cut and spending bill, which passed the U.S. House on Thursday and will be sent to Trump to sign into law. The bill advances many priorities of the Trump administration, including extending the president’s 2017 tax cuts, ending federal income taxes on tips, and increasing military and border spending. The bill also will cut an …
With the Big Beautiful Bill, Congress approves one of the US President's prestigious projects, but the legislative package could soon turn out to be a capital mistake.
Winners and losers as Trump’s ‘Big, Beautiful’ Bill passes Congress hurdle
Trump Big Beautiful Bill Summary: The legislation makes permanent the 2017 Trump tax cuts, restores several business deductions, scales back green energy incentives, and enacts deep reductions in federal safety net programs.
Donald Trump's Big Beautiful Bill will exacerbate inequality in the US. Data shows how the US president redistributes from bottom to top.
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