Fiscal Policy & Debt - The bill is projected to add $4 trillion to the national debt [2] - The bill could lead to deficits reaching 8% of GDP, a level almost unprecedented during peacetime without external shocks [2] - Future reconciliation packages are promised to cut the deficit, but the means to achieve this, especially without raising taxes on the wealthy, are unclear [6][7] Tax Implications & Distribution - The tax breaks in the bill may negatively impact poorer, working-class Americans while benefiting the wealthy [3] - Approximately 60% of the benefits are expected to go to individuals earning over $220,000 [14] - Certain aspects of the bill, such as no tax on tips, the child tax credit, and permanent no tax on overtime, could be supported in isolation [14] Market & Economic Impact - The bond market's reaction to the bill has been surprisingly muted [8] - There is a concern that tariff policy is slowing the economy, which, combined with massive deficit spending, could put pressure on interest rates [10] - Permanent expensing and making tax cuts permanent could be attractive to businesses and spur investment [12][13]

Joining us now straight from the House floor, Democratic Congressman Morgan McGarvey of Kentucky. He's a member of the House Budget Committee. You've already had a long night and I know that we're sort of on the clock for whenever Hakee Jeff stops speaking and this actual vote goes on, but take us inside the mood on the floor right now among Democrats and if there's any conversation with Republicans between the parties. Democrats are still fighting and obviously we're frustrated. This matters to us. This is ...

It has a mistake in it. Those were the words spoken on the floor of the House of Representatives today at 11:10 a. m.that shocked every Republican member of the House of Representatives. They all know that the real leading expert on House rules is Democrat Jim McGovern, the Democratic leader of the House Rules Committee. They know that the Republican chair of the House Rules Committee, Virginia Fox, is completely and permanently incompetent.Always has been, always will be, as is her staff. And so the way in ...

>> MEMBER. >> IS SAYING. >> AND DEMOCRATS ARE PREPARING.>> TO USE. >> EVERY TOOL. THEY HAVE.>> TO. >> SLOW THINGS. >> DOWN AS THEY.>> DID OVER THE NIGHT. LAST NIGHT. AND WE'RE GOING TO WATCH CLOSELY OVER.>> THE NEXT HOUR. >> WE'RE GOING TO SPEAK WITH A NUMBER. >> OF PEOPLE.>> WHO ARE RIGHT IN THE MIDDLE OF IT. I WANT TO START TONIGHT WITH THE HISTORIC UNPOPULARITY OF. >> THIS ABSOLUTELY VILE BILL.>> BECAUSE IT REMINDS ME. >> A LOT OF. >> WHAT THE MIDTERM.>> ELECTIONS LOOK LIKE. >> THE LAST TIME. >> DONALD.> ...

I have nothing to lose at this point and I am just trying to get them to see that these are people. Hi, I'm Nancy Baker Curtis and I am the mother of Charlie who is a beautiful almost 10-year-old little boy with intellectual and physical disabilities who needs Medicaid in order to get to whole. Charlie and I made the big step of traveling to Washington DC recently so that we could talk with our elected officials about how the big beautiful bill will impact our family personally.I know the video regarding ou ...

You represent a district that has four hospitals, all designated as rural and at risk of closure. What does the potential passage of this bill means for mean for those hospitals in your district. Well, thank you for having me.But, uh, as you've already said, those four hospitals in my district, uh, will not make it if this bill pass. uh most of them have already cut all their services basically to the bone. They don't deliver babies anymore.Two of them don't have emergency rooms and for the most part they'r ...

Joining us now is Congresswoman Katherryn Clark of Massachusetts. You just heard from her. She is the number two Democrat in the House serving as the Democratic whip.Welcome, Congresswoman. It's great to have you back at the table. So, I want to have a little fun with you uh at the beginning.U so so this great headline on NBC News um uh this morning talking about House Democratic leaders vowed to do everything they can can do to stop the GOP bill from passing. And the first thought I had was what. You mean ...

[Music] Mr.. Speaker, I found the preamble to this big ugly bill. We the billionaires in our king in order to deform and sicken our union, establish injustice, ensure domestic cervility, weaken our people's defenses, undermine the general welfare, and reserve to ourselves and our posterity staggering debt servitude for eternity. do hereby instruct the Republicans in Congress to strip 17 million people of their health care, increase co-pays, deductibles, and premiums for everyone else. Congressman Jamie Rask ...

WELCOME TO THE BEAT. I'M ARI MELBER. JAMES CARVILLE IS HERE.WILL HE BE HOSTING THE SHOW THE WHOLE HOUR, CO-HOSTING. ONLY ONE WAY TO FIND OUT IS TO STAY WITH US. I'LL SEE YOU IN A SECOND, JAMES, WE'RE FOLLOWING BREAKING NEWS.WE ARE KEEPING AN EYE ON THE HOUSE WHERE THE BIG BILL IS HANGING IN THE BALANCE. HOUSE REPUBLICANS AT THIS MOMENT DO NOT HAVE THE VOTES TO GET THIS TRUMP BUDGET DEAL DONE. IT EXPLODES THE DEBT, IT CUTS HEALTHCARE.IT IS BY FAR THE MOST SIGNIFICANT THING IN THE TRUMP AGENDA THIS YEAR. IT G ...

President Trump had issued some statements throughout this process saying and urging insisting that this bill does not cut Medicaid. He's also said some things, you know, he says he uh doesn't think I'm too much of a smart person. And I'll tell you one thing, it doesn't take a smart person to know if you're being lied to.All right, President Trump, you're either being lied to or you are lying to the American people. Because this bill represents in the text of this bill the largest and greatest loss of healt ...