Trump’s ‘big, beautiful bill’ will lead to Medicare cuts: CBO
- The U.S. House passed President Donald Trump's 1,116-page One Big Beautiful Bill Act, which now advances to the Senate for consideration.
- The bill aims to make the 2017 Tax Cuts and Jobs Act permanent while introducing additional tax relief measures benefiting households, employees, retirees, and businesses, though it has sparked debate regarding its long-term budgetary consequences.
- From 2025 through 2028, the bill removes federal income tax obligations on earnings from tips and overtime hours, increases the Child Tax Credit to $2,500 per child during this timeframe, and provides seniors over 65 with a $4,000 tax deduction.
- The Congressional Budget Office estimates the bill could add $3 trillion to $3.8 trillion to the national debt and cause 8.6 million to 10 million Americans to lose health insurance due to Medicaid changes.
- Opposition from fiscal conservatives and Democrats centers on deficit increases and program cuts, while supporters argue economic growth and budget reconciliation may reduce fiscal concerns.
39 Articles
39 Articles
Fox contributor Newt Gingrich organizes MAGA attacks against Congressional Budget Office
Congressional reporter Mychael Schnell from The Hill revealed on May 19 that House Republicans were sharing talking points drafted by Fox News contributor Newt Gingrich in anticipation of the Congressional Budget Office’s scoring of the “One, Big, Beautiful Bill” tax cut extension promoted by President Donald Trump. The CBO analysis released on May 20 shows that the Trump tax cuts will add trillions to the debt and redistribute money from the po…
🏛️ Capitol Reset: GOP Sparks Fly
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'Big, beautiful bill' is another big example how GOP has abandoned conservatism
On Thursday morning, a gleeful GOP celebrated the passing of President Donald Trump’s "big, beautiful bill" by the House. It didn’t come easy — there were a few dissenters — but eventually, fear of Trump’s retribution likely pushed it through.But it’s a Pyrrhic victory, if a victory at all, and we’re undoubtedly worse off for it.Trump’s BBB is a massive, larded-up spending bill. The federal government is already $1.8 trillion in debt, and this b…
Broken Promises: Republicans’ Budget Reconciliation Bill Would Cut Medicare
This article was written for the Coalition on Human Needs in coordination with Natalie Kean of Justice in Aging. Since taking control of Congress and the White House, Republican leadership and rank-and-file members have repeatedly promised not to undermine Medicare or cut Medicare benefits. With the introduction and House passage of the “One Big Beautiful Bill Act” (OBBBA), they have broken that promise. The Republican tax bill takes direct aim …
'Target rich': Ex-chief of staff warns Trump he just handed winning weapon to Dems
Former President Barack Obama's first chief of staff, Rahm Emanuel, is warning President Donald Trump that his "big, beautiful bill" hands a huge gift to Democrats. Trump demanded that his GOP majority in the House and Senate pass a single bill that contains an extension of his 2017 tax cuts, border...
'We need grown up conversations': Adam Kinzinger cuts through MAGA spin to clarify 'Big Beautiful Bill' offers no tax cuts whatsoever
“Big Beautiful Bill,” Donald Trump’s latest brainchild, which, according to MAGA loyalists, is a glorious tax-cut extravaganza that will apparently bless America with prosperity. Except—it won’t. And Adam Kinzinger, the outspoken Republican with a knack for ruffling GOP feathers, isn’t buying the spin. In fact, Kinzinger might be the only adult left in a room full of Republican toddlers playing with economic matches next to a mountain of debt. T…
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