Donald Trump confidently supports tax and spending legislation aimed at making permanent tax cuts from his first term. The bill proposes substantial cuts to Medicaid and food assistance, along with phasing out clean energy tax incentives. Supporters view these changes as necessary fiscal corrections to government spending, despite the Congressional Budget Office projecting a $3.3 trillion increase in the deficit by 2034. Many believe the measure will benefit the middle and lower classes by addressing perceived financial mismanagement.
Donald Trump refers to the tax and spending legislation as his big, beautiful bill, aiming to make tax cuts from his first term permanent.
Republicans plan the largest Medicaid cuts ever to reduce costs, alongside food assistance program cuts and tax incentive phase-outs for clean energy.
Kyle Hanson from Wisconsin believes the legislation addresses government fiscal irresponsibility and is necessary despite its unpopularity among some.
The Congressional Budget Office estimates this bill will increase the deficit by $3.3 trillion through 2034.
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