LOADING ERROR LOADINGWASHINGTON ― Republicans pushed their giant bill cutting taxes and Medicaid through the House on Thursday, sending the legislation to President Donald Trump to sign into law. AdvertisementThe big bill rolls back expansions of the federal safety net recently enacted by Democratic presidents and entrenches the temporary tax cuts Trump signed into law during his first term. Citing fantastical economic growth forecasts, they’ve said the budget experts are all wrong and the tax cuts will pay for themselves. They claimed that failing to extend Trump’s 2017 tax cuts before they expire at the end of the year posed a major threat to the economy. Advertisement“If we do nothing, the Trump tax cuts, the most pro-growth tax reforms in generations, will expire.

Source: Huffington Post July 03, 2025 19:11 UTC