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X @Investopedia
Investopedia· 2025-07-12 03:00
The GOP's recently passed budget bill means significant changes for ACA policyholders, including stricter enrollment requirements, restricted subsidies, and more. https://t.co/psaIyOTtz5 ...
'Big beautiful bill' concerns are the dramatic cuts to Medicaid, social safety net: Harvard's Furman
CNBC Television· 2025-07-09 11:43
Tax Policy & Economic Impact - The 2017 Tax Cut and Jobs Act included progrowth elements through redesigning the tax code [5] - The corporate tax rate cut was considered a thoughtful and well-done aspect of the 2017 tax law [3] - Individual tax provisions were temporary due to affordability and lower priority for economic growth [3] - Letting the 2017 tax cuts expire would have resulted in a tax hike for everyone [6] Bipartisan Elements & Middle Class Tax Cuts - The middle class tax cuts, Main Street 20% tax deduction, and child tax credit were intended to be bipartisan [5] - A significant portion of tax cuts will accrue to those who pay taxes [5] Medicaid & Social Safety Net - Dramatic cuts to Medicaid could increase the number of uninsured by 12 million [8] - Medicaid is considered a cost-effective program because it pays providers so little [10] - Philosophical opposition exists to leaving individuals without treatment, suggesting upfront insurance coverage is preferable [11][12]
X @Forbes
Forbes· 2025-07-04 10:50
How The GOP Budget Bill Will Affect You. Plus: Why Over-Explaining Leads To Burnout https://t.co/GQR7BbEx6D https://t.co/GQR7BbEx6D ...
The Last Word With Lawrence O’Donnell - July 3 | Audio Only
MSNBC· 2025-07-04 04:15
NOW IT'S TIME FOR THE LAST WORD WITH ALI VELSHI HOSTING. GOOD EVENING, ALI. WHAT AN EXCELLENT SHOW.THANK YOU, MY FRIEND. I APPRECIATE THAT. I HOPE YOU GET A LITTLE BIT OF A BREAK THIS WEEKEND.YOU TOO, HARDEST WORKING MAN IN THE BUSINESS. I HOPE YOU DO TOO AT SOME POINT, AT SOME POINT. THANKS, HAVE A GREAT WEEKEND.WE'LL SEE YOU NEXT WEEK. SOUNDS GOOD. THANKS.WELL, REPUBLICANS KNEW IT WAS BAD. THEY SAID SO ON THE RECORD INTO MICROPHONES AT CLOSED DOOR MEETINGS. REPUBLICANS KNEW THAT THE BILL WOULD HURT MILLIO ...
'DEVASTATING': Red state governor says 200,000 residents will lose health care because of bill
MSNBC· 2025-07-03 13:33
Meanwhile, Democratic governors in red states like Kentucky and Kansas have been warning of the consequences if Republican lawmakers in Congress do pass this massive budget bill, as they are expected to do a short time from now. Those leaders say it would take health care and food assistance away from Americans who need it most. The bill cuts Medicaid, as we've been telling you, by $930 billion.It also cuts another $285 billion in food assistance. The Congressional Budget Office estimates nearly 12 million ...
X @Forbes
Forbes· 2025-07-02 18:00
InnovationRx: Millions Would Lose Health Insurance Under Republican Budget Billhttps://t.co/mVkGLXGlnF https://t.co/mmisQJVqg3 ...
OMB Director Russell Vought responds to Elon Musk's criticisms of Trump's mega-bill
CNBC Television· 2025-07-01 20:50
Fiscal Policy & Budget Bill Overview - The Senate passed a budget bill with Vice President Vance's tie-breaking vote, now heading back to the House [1][2] - The administration aims to get the bill to President Trump's desk by the end of the week, emphasizing the importance of adhering to the President's timeline [2][3] - The bill represents the entirety of the first year's agenda for the President, marking a significant step forward not seen in 30 years [9] Disagreement on Fiscal Impact - The Committee for Responsible Federal Budget estimates the bill will add over $4 trillion to the national debt through 2034, exceeding the House-passed bill by $1 trillion [4] - The Office of Management and Budget (OMB) argues that external fiscal watchdogs are using artificial baselines by not assuming current tax relief [4][5] - Critics, including Elon Musk and some Republican lawmakers, express concerns that the bill will balloon the deficit and increase the debt [7][8] Mandatory Savings & Deficit Reduction - The bill includes $1.6 trillion in mandatory savings, which the OMB claims more than offsets additional tax relief and spending, resulting in net deficit reduction [6] - The $1.6 trillion in mandatory savings is described as historic, more than doubling the $800 billion seen in 1997 [6] - The administration emphasizes the bill's fiscal responsibility, citing border security, defense spending, and tax relief [9]
Republicans in crisis as Trump pushes unpopular budget bill that even hurts his own base
MSNBC· 2025-07-01 04:40
What you're looking at right here is a live shot of the Senate floor where they are holding a marathon voting session. It's been going on for hours. It's nerdly called a voterama.It's all for the purposes of trying to jam through Donald Trump's big ugly bill. And we're watching very closely. We have reporters on the ground. We have reporters on the Hill. We have sources everywhere.And we will bring you any updates as it develops in any way at all. But while we wait for that, I want to start with some import ...
Musk SLAMS GOP budget bill as 'utterly insane and destructive'
MSNBC· 2025-07-01 00:24
Republicans working feverishly tonight to try to get this budget passed. Elon Musk, who until recently was part of the Trump administration, is not helping. He is saying things that are actually relevant to what is in this massive budget bill.Now, one of the reasons he has clearly been upset and was part of the falling out according to some reporting is that he's not getting what he wants for his businesses. that the bill doesn't do things that would continue Tesla's support within the federal budget and wi ...
X @Investopedia
Investopedia· 2025-06-30 20:30
Market Sentiment - Tesla's stock held up despite Elon Musk criticizing the budget bill again [1]