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U.S. Republicans Muscle Trump's Tax-Cut and Spending Bill Through Congress

  • Last Thursday, Congress approved Trump’s $4.5 trillion bill, which includes steep Medicaid and food program cuts affecting 17 million Americans.
  • Driven by Trump’s 2024 campaign pledges, Johnson and Thune united GOP members after months of division to pass the $4.5 trillion bill, fulfilling key promises on tax relief and border security.
  • According to the Congressional Budget Office, the bill will reduce tax revenues by $4.5 trillion and cut $1.1 trillion in spending over 10 years, mainly from Medicaid, with nearly 12 million Americans expected to lose insurance.
  • Moody’s downgraded US debt in May, warning that mounting borrowing costs could increase long-term fiscal pressures, with Democrats planning to highlight the bill in 2026 elections.
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When President Donald Trump puts the signature on his big bill this Friday, much of the attention will be focused on his most important points: tax cuts, Medicaid spending cuts and food stamps,...

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WRTV broke the news in on Thursday, July 3, 2025.
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