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‘Completely beatable’: Dems go on offensive over unpopular Republican budget
MSNBC· 2025-07-05 00:39
Political Landscape & Protests - Protests against the Trump administration have tripled compared to the same period in 2017 [5] - Democrats in Congress have a 30% favorable impression and a 62% unfavorable opinion, leaving them underwater by more than 30 points [6] - The progressive caucus is launching an accountability summer after the passage of the "big billionaires bill" [8] Legislative Impact & Healthcare - The new bill cuts taxes for billionaires and Medicaid, while increasing funding for ICE [3] - The bill is considered worse than previous tax bills, negatively impacting working-class individuals by taking away healthcare and food security [9] - Ending ACA subsidies will increase premiums for those on the Affordable Care Act, and hospitals anticipating Medicaid cuts will raise prices for private insurance [14] Midterm Elections & Accountability - Key districts with large Medicaid recipient populations are targeted for accountability efforts [13] - Several Senate seats are considered competitive, including those in Texas, Iowa, and Nebraska [16][19] - The Democratic message should focus on opposing the transfer of healthcare and food assistance from the working class to provide tax breaks for billionaires [20]
'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 ...
X @Investopedia
Investopedia· 2025-07-04 23:00
In an event held on the White House lawn on the Independence Day holiday, President Donald Trump signed a bill that would provide tax breaks and cut Medicaid and SNAP programs. https://t.co/q3hg6ICr9n ...
‘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 ...
The backlash begins: Republicans heading home from D.C. face local protests over Trump bill
MSNBC· 2025-07-04 04:45
Government Policy & Legislation - Every president aims to address a significant problem in their first year, often related to campaign promises or unforeseen crises [1][2] - Past presidents like Obama and Biden focused on solving economic crises, healthcare access, and infrastructure needs through legislative action [2][3][4][5] - The report questions the problem that Trump's legislation aims to solve, suggesting it disproportionately benefits the wealthy at the expense of working people [7][8] Economic Impact & Social Welfare - Trump's legislation is criticized for potentially removing healthcare coverage from 17 million people and cutting food stamps for millions more [9][10] - The legislation includes over $4 trillion in tax cuts for corporations and the wealthiest individuals [10] - The bill is expected to negatively impact many of the voters who supported Trump, particularly those relying on Medicaid [12] Public Opinion & Political Response - Many Americans are unaware of the details of the bill, including Medicaid cuts [13] - As people learn more about the bill, opposition increases, leading to protests across the country [14][15][16][17][18] - Efforts are underway to hold Republicans accountable for their votes in favor of the bill, emphasizing its negative impact on their constituents [19][20]
'The pain that is about to come': The reality of Trump's megabill takes hold
MSNBC· 2025-07-04 04:35
Government Spending & Policy - The US Congress passed a multi-trillion dollar spending bill that includes tax cuts, increased military spending, and funding for mass deportations, offset by cuts to food aid, clean energy, and Medicaid [1] - The bill is projected to add $33 trillion to the national debt [1] - A Democratic Super PAC poll indicated that nearly 50% of Americans were unfamiliar with the legislation [1] Healthcare & Social Safety Nets - The bill includes steep cuts to Medicaid and SNAP, potentially leading to millions of Americans losing access to coverage [1] - Republicans argue that Medicaid is in need of reform [1] - Some cuts in the bill will take effect after the midterms [2] - Rural hospitals are already facing tough decisions, including layoffs and service cuts, due to uncertainty about Medicaid funding [2] Political Landscape - The bill passed largely on party lines, demonstrating President Trump's dominance within the Republican party [1] - Some Republicans expressed concerns about the Medicaid cuts and the increase in the national debt [1] - Democrats are attacking the bill's overhaul of social safety net programs [1] - A Fox News poll indicated that 59% of people don't like the bill [2]
Trump’s Bill Passed: The Tax and Spending Updates, Explained | WSJ
The Wall Street Journal· 2025-07-04 04:23
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]
The Last Word With Lawrence O’Donnell - July 3 | Audio Only
MSNBC· 2025-07-04 04:15
Healthcare & Policy - The Republican bill is projected to cause 17 million Americans to lose healthcare coverage [2][9][37] - The bill is expected to devastate nursing homes and cut nutrition assistance for poor children [2] - The legislation could lead to the closure of rural hospitals, affecting healthcare access for entire communities [2][23][24] - Medicaid covers 40% of births, especially in rural areas, and cuts will worsen existing mortality penalties in rural America [41] - The Affordable Care Act (ACA) is 15 years old, and Medicaid is 60 years old this year [34][35] Political Dynamics - House Republicans voted 218 to 214 to approve the budget bill, despite initial criticism from the Freedom Caucus [9] - Concerns were raised by Republicans about the bill's impact on the deficit and its failure to adhere to budget deal terms [5][7] - The bill includes the largest Medicaid cuts in history [19] - Democratic Leader Hakeem Jeffries spoke for 8 hours and 45 minutes, setting a record for the longest House speech, to oppose the bill [16] - The bill is characterized as the largest upward transfer of wealth in American history [52] - Congressman Ro Khanna stated that crossing Donald Trump leads to political repercussions, influencing the bill's passage [55] - The bill is considered a massive giveaway to special interests [46] - A $4 trillion tax cut is included, which is seen as disproportionately benefiting billionaires [58][60][61] International Relations - Donald Trump had a phone call with Vladimir Putin, discussing Iran and the war in Ukraine, with no progress reported [69][70] - Putin's adviser stated that Trump and Putin are on the same page and that Russia does not want US involvement in peace talks with Ukraine [72][73] - The Trump administration is accused of withholding aid to Ukraine and easing sanctions against Russia [77] - Russia has massed 50,000 troops near the Ukrainian border city of Sumi [76]
‘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 ...
House passes major policy bill in win for Trump’s agenda
NBC News· 2025-07-04 00:30
Government Spending Bill Overview - The House passed a multi-trillion dollar spending bill to fund campaign promises, including tax cuts, military spending, and mass deportations [1] - The bill is partially funded by cuts to food aid, clean energy funding, and Medicaid [1] Political Dynamics - The bill passed largely on party lines, with only two Republicans voting against it [2] - House conservatives initially resisted the bill due to Senate changes but eventually relented [3] - Democrats, led by Hakeem Jeffries, strongly opposed the bill, particularly its changes to social safety net programs like Medicaid and SNAP [5] Key Provisions and Priorities - The bill includes eliminating taxes on tips and overtime [6] - It overhauls social safety net programs like Medicaid and SNAP, potentially impacting millions of Americans [5] Presidential Action - President Trump celebrated the bill's passage and is expected to sign it in a ceremony on July 4th [2][6]