Tag Archives: tax bill

With the clock ticking toward President Donald Trump’s July 4 deadline, the Republican-controlled Senate began the final phase of debate Monday on the sweeping 940-page tax and spending bill that would reshape federal policy on taxes, health care, defense, and immigration. Dubbed the “Big Beautiful Bill,” the legislation was already …

The nonpartisan Congressional Budget Office released detailed analysis Wednesday showing Republicans’ “big, beautiful bill” would increase federal deficits by $2.4 trillion during the next decade. CBO projects that if enacted as written, the legislation would result in 10.9 million people losing access to health insurance by 2034, a number that …