Key Highlights and Impacts of the Latest Senate and House Tax Bills
TL;DR Summary
The bill, supported by Republicans and associated with Trump, significantly extends tax cuts for the wealthy and corporations, while making deep cuts to social safety net programs like Medicaid, food stamps, and student loans. It also reverses many clean energy incentives and allocates substantial funds to immigration enforcement and military projects, ultimately adding at least $3 trillion to the national debt.
- What Trump’s massive bill would actually do, explained vox.com
- Here’s what’s in the big bill that just passed the Senate PBS
- Student loans, gun silencers and a space shuttle: See surprises found in Senate tax bill USA Today
- Distributional Effects of Selected Provisions of the House and Senate Reconciliation Bills The Budget Lab at Yale
- Who Will Trump’s Policy Bill Affect The Most? The New York Times
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