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'Not hyperbole': Trump’s 'popular' law is actually the most unpopular in 30 years
MSNBC· 2025-07-04 23:20
Well, it's only been a law for a few minutes now. Few dozen minutes, an hour, two hours, something like that. But here's something we already know about Donald Trump's big reconciliation bill.It is one of the most unpopular acts of Congress in recent history. This is not hyperbole and this is me not just, you know, articulating my hunches. That is according to data gathered by Georgetown political scientist Christopher Warshaw.Warsaw found that Trump's big beautiful bill is the second most unpopular piece o ...
‘Lipstick on a pig’: Trump signs megabill into law
MSNBC· 2025-07-04 22:35
Good evening from New York. I'm Chris Hayes. Happy 4th of July. I hope you're enjoying it. We have a special two-hour superersized, super patriotic show for you tonight. Just before you joined us in the last half hour, President Donald Trump signed the big bill in the Oval Office. He calls it beautiful. The American people don't seem to agree. A bill that is so wildly unpopular, it screws many of the people who voted for Trump. And still, no one could really muster like a good actual affirmative account for ...
X @Bloomberg
Bloomberg· 2025-07-04 21:54
President Donald Trump signed his marquee tax and spending cuts bill, enshrining in law an extension of tax breaks as well as funds to crack down on illegal immigration https://t.co/kCExKocIXC ...
Trump’s Bill Passed: The Tax and Spending Updates, Explained | WSJ
Tax Policy Changes - Extension of 2017 tax cuts, initially set to expire at the end of 2025 [1][2] - Child tax credit increased to $2,200 and indexed to inflation [2] - Estate tax exemption increased to $15 million per person [2] - Elimination of tax credits for electric vehicles and clean energy purchases after September 30th [3] - State and local tax deduction capped at $10,000, with a temporary increase to $40,000 for certain income levels [3][4] - Potential $25,000 deduction for tipped workers, but payroll taxes still apply [4] - Deduction for seniors of $6,000 per person for those ages 65 and up [6] Government Spending and Budget Impact - Increased funding for agencies like ICE, Customs and Border Protection, Homeland Security, the Defense Department, and Missile Defense [7] - Medicaid work requirements implemented, projected to save $326 billion through 2034 [8][9] - Changes to premium tax credits under the Affordable Care Act, potentially leading to 11 million fewer people with health insurance by 2034 [10] - Creation of a $50 billion rural healthcare fund to address changes in healthcare access [11] - Projected increase in the deficit by $3.4 trillion over the next 10 years (through 2034) [13] Economic Impact and Political Considerations - Republicans argue that economic growth from tax cuts and deregulation will offset the deficit increase [15] - Economists express concerns about the drag of budget deficits on the economy, potentially leading to higher interest rates and increased debt [15] - Potential for Democrats to delay or change tax cuts if they win the House majority [12]
Trump says 'I hate them' about Democrats in speech touting bill passage
NBC News· 2025-07-04 02:15
I really do. I hate them. I cannot stand them.With all of the things we did with the tax cuts and rebuilding our military, not one Democrat voted for us, and I think we use it in the campaign that's coming up, the midterms, because we got to beat them. But all of the all of the things that we've given and they wouldn't vote only because they hate Trump. But I hate them, too.You know, that's so it's sort of I hate I really do. I hate them. I cannot stand them because I really believe they hate our country. ...
‘Swag bag’: Trump reportedly won over GOP holdouts with signed merch 
MSNBC· 2025-07-04 01:05
Good evening from New York. I'm Chris Hayes. Well, Donald Trump got his bill.It's unclear whether he understands what's in it, but he got his bill. Republicans got on board. And now all that is left for those opposed to this monstrosity is to make the Republicans who voted for it pay a political price.Just hours ago, House Republicans voted by a very thin margin to approve Donald Trump's deficit busting, Medicaid slashing omnibus MAGA bill. Trump's expected to sign it into law tomorrow, the 4th of July, in ...
X @Investopedia
Investopedia· 2025-07-03 23:00
Congress has passed an agreed-upon version of the "Big Beautiful Bill," an act that would extend tax cuts and slash Medicaid and SNAP funding. https://t.co/CPTIQzmibo ...
Meet the Press NOW — July 3
NBC News· 2025-07-03 22:45
If it's Thursday, massive legislation and a massive win for the White House. The president's sprawling mega bill is now headed to his desk to be signed into law after a grueling fight to get it through the House and over the finish line. Plus, Democrats vow to fight on all the way to the midterms after House Minority Leader Hakee Jeff delivers a record-breaking floor speech opposing the legislation. and detainees begin arriving at the facility dubbed Alligator Alcatraz after I got an in-depth look inside th ...
X @Bloomberg
Bloomberg· 2025-07-03 20:30
To help offset the cost of tax cuts and new spending in their sweeping bill, congressional Republicans have cut nearly $1 trillion over ten years to Medicaid. Here's what you need to know https://t.co/9VZdUS4mWo ...
US House Passes Tax Bill, Sending It to Trump
Bloomberg Television· 2025-07-03 19:16
Eventually we got this. The president had said there was going to be no more negotiations. This was going to be done by the July 4th holiday.It is July 3rd in the afternoon, and at least passage of the bill is now complete. What's next. The next thing is the president plans to sign the legislation tomorrow.And you can bet that there's now going to be a giant message war between Democrats and Republicans over whether this is good for America or bad for America. We already had 8 hours and 35 minutes of Hakeem ...