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The Mirror and the Ledger
The Big Beautiful Bill Breakdown
The Big Beautiful Bill Breakdown
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This bill is the centerpiece of President Trump's second-term. It permanently extends the 2017 tax cuts, adds new tax breaks, raises the debt ceiling by 5 trillion, and pays for part of it by cutting Medicaid by 12%, adding work requirements to food stamps (snap), and restricting benefits for immigrants. The nonpartisan Congressional Budget Office estimates it will add $3.4 trillion to the deficit over 10 years (or over $4. trillion with interset)
COMPLETE LAYMANS BREAKDOWN
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