U.S. exporters—particularly capital-intensive manufacturers of aircraft, defense equipment, consumer products and semiconductors—scored significant tax cuts in President Trump’s new megalaw https://t.co/BvHU5veIM4 ...

National Republican Senatorial Committee Chair Tim Scott is warning that the polling on President Trump's so-called big beautiful bill is just breaking even. Those are his words. New reporting from Semaphore says Scott is urging colleagues to promote pieces of the Republicans's new tax and spending law rather than the proposal writ large to help boost popularity with the public. The bill includes massive tax cuts as well as extra spending on defense and stricter immigration policies, but it attempts to offs ...

Business Performance & Strategy - The company experienced a boost from technicians seeking shorter payback items due to economic uncertainty [3] - A pivot to shorter payback items, representing about a third of the product line, saw a 1.6% increase, with profitability at 23.8% [4] - Rapid continuous improvement operations helped overcome a 50 basis points negative currency impact, maintaining gross margins at 50.5%, down 10 basis points [11] - Commercial industrial business was down due to project delays caused by uncertainty, but is expected to recover as customers adapt [13][14] Impact of Tax Cuts & Government Policy - The company benefits from bonus depreciation and the tax trifecta (R&D and capital expenditures) [6] - Small businesses, representing 93% of manufacturers, received a significant boost from tax cuts [6] - The administration's support for manufacturing is viewed positively for the industry's future [7][8] Currency Impact - A weaker dollar is generally considered beneficial for overseas sales, but the company experienced a negative impact due to sourcing from Sweden and currency fluctuations [9][10]

Fiscal Policy & Economic Impact - The legislation cuts taxes for the top 01% of the population, impacting vulnerable people and healthcare prospects [3][4][5] - The bill is projected to increase the nation's deficit and debt, potentially leading to higher interest rates and reduced investment [6][7] - Borrowing as an alternative to tax raising or spending cutting postpones adjustments and increases the risk of economic vulnerability [9] - The policy raises concerns about the US's position as the world's greatest debtor and its impact on global power [10] Healthcare Implications - The bill could lead to reduced access to healthcare, particularly in rural areas, due to hospital closures and limited rehabilitation facilities [3][5] - Healthcare costs may increase for all citizens as hospitals pass on the costs of treating uninsured individuals [5] Geopolitical & Competitive Concerns - Increased debt and reduced investment could make the US less competitive with countries like China [7][10]

Welcome back. And joining me now is Republican Senator John Baraso of Wyoming. Senator Baraso, welcome back to Meet the Press.Good to be with you. Thank you. It's wonderful to have you back.Let's start with President Trump's escalating trade war this week announcing uh that he may impose tariffs of up to 35% against Canada. Worth noting in your home state of Wyoming, more than half of imports come from Canada. Canada supports about 13,000 jobs in Wyoming.Are President Trump's tariffs going to hurt Wyoming. ...

Market Trends - Bitcoin hits a new high of $113,000 [1] - Bitwise Asset Management CIO believes Bitcoin could reach $200,000 [1] Economic/Political Impact - Senior columnist Rick Newman explains how the wealthy will benefit from President Trump's 'big beautiful bill' [1] Yahoo Finance Resources - Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, and advanced tools [1] - Yahoo Finance encourages users to download their app on Apple and Android [1] - Yahoo Finance encourages users to follow them on social media platforms like X, Instagram, TikTok, Facebook, and LinkedIn [1]

Bill Impact & Concerns - Republicans are concerned that the focus on Medicaid cuts, amounting to $1 trillion, overshadows the perceived benefits of the bill, such as extending the 2017 tax cuts [2] - A significant portion of Americans may not experience noticeable changes from the tax provisions, leading to concerns about the bill's impact [4][8] - Democrats risk losing momentum if they cannot sustain focus on the bill's perceived negative aspects, especially amidst other news [4] - The bill's Medicaid cuts and certain tax provisions have deadlines, potentially creating vulnerabilities for Republicans in future elections [13][14] - The primary concern is affordability, not tax rates, suggesting that the bill's impact on people's budgets is a key issue [15] Political Landscape & Strategy - The midterm elections typically favor the party not holding the presidency, posing challenges for Republicans [7] - Democrats are focusing on the potential job losses and economic hardship in specific states like Virginia, linking them to the current administration's policies [10][11] - There's an opportunity for moderate candidates who can appeal to independents, moderate Republicans, and moderate Democrats [16][19] - The actions of Elon Musk, including his potential involvement in funding candidates or creating a third party, could impact the political landscape [21][25] - Voters are seeking alternatives to traditional parties and candidates, indicating a desire for change and populism [23][26] Economic Factors - The economy's performance, including inflation and cost of living, will significantly influence the bill's perception and political outcomes [5][6]

Legislation & Policy - The bill includes a provision to expand funding for victims of nuclear waste [2] - Senator Hawley aims to ensure certain Medicaid cuts never take effect, despite voting for the bill [2][3] - The bill delays Medicaid cuts affecting Missouri until the 2030s [3][4] - Missouri is expected to receive $1 billion in increased rural hospital funds [4] Political Implications - Senator Hawley's vote was crucial for the bill's passage [7] - Republicans may face criticism for voting on a bill that could negatively impact rural hospitals [7][8] - The senator is facing scrutiny for voting for the bill while expressing opposition to its cuts to rural hospitals [9][10] Healthcare & Funding - The bill slashes rural hospital funding and healthcare funding [12] - Critics argue that tax cuts for billionaires and multinational corporations are linked to the slashing of healthcare spending [13][16] - Amendments could have been proposed to prevent healthcare cuts [15]

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]

Healthcare Bill Impact - The bill is unpopular with Americans, with polls showing Republicans "underwater" on the issue [8] - The bill includes Medicaid cuts that are expected to cause hospital closures and have real-world effects [5] - Republicans are budgeting for people to be kicked off Medicaid to pay for tax cuts [2][13][14] - Work requirements for Medicaid eligibility are included, but their effectiveness and factual basis are questioned [2][6][7] Economic and Fiscal Implications - The bill is expected to increase debt and deficit [3][5] - Republicans argue that continuing tax cuts are critical for economic growth [9] - Democrats are labeling the bill as a cut to healthcare with tax cuts for the rich, increasing the debt [12] - The bill lacks fundamental reform in the healthcare system, focusing on cuts rather than improving health outcomes [17][21] Political Landscape - Democrats are likely to win the House in the midterm elections, partly due to the unpopularity of the bill [11][12] - Republicans face the challenge of countering the Democrats' narrative that the bill takes away healthcare [10] - The bill started as a tax policy exercise but became a healthcare conversation, for which Republicans were unprepared [24]