Financial Impact - The tax cuts would provide the wealthiest households with a $12,000 annual increase [1] - The tax cuts would cost the poorest people $1,600 annually [1] - The bill would add $3.3 trillion to the national debt [14] - The tax cuts will become permanent and cost $4 trillion [6] Healthcare & Social Safety Net - An estimated 118 million more Americans would be uninsured by 2034 if the bill becomes law [1] - 3 million more people will not qualify for food stamps (SNAP benefits) [1] - The bill involves money being taken from Medicaid [6] Political Strategy & Impact - Democrats view the bill as potentially beneficial for their prospects in the 2026 midterms [5] - The legislation presents Democrats with an opportunity to highlight issues like healthcare accessibility and affordability [10] - There is a disconnect as Democrats are not doing enough messaging around the specific stories of Americans that will be harmed by this legislation [12] - The Republican party has shifted, with less focus on debt reduction and small government due to changes in their voter base [15][16][17]

Deficit and Spending - The analysis indicates authorization of $3.8 trillion in deficit increases without offsetting measures, potentially signaling an end to constraints on congressional spending [1] - Repeal of IRA tax cuts significantly impacts energy stocks [2] Consumer Impact - Tariffs are viewed as a tax on US consumers, generating approximately $400 billion for the US Treasury [3] - New stimulus to the US consumer amounts to $166 billion, resulting in a net loss for the consumer when compared to tariff revenue [3][4] Healthcare Sector - Medicaid cuts are expected to have a substantial impact on hospitals [2]

Now to breaking news on Capitol Hill where senators just voted to pass the so-called big beautiful bill. That's right. It happened just moments ago and really it's been a marathon session there in the Senate as lawmakers race to get this bill passed uh by a self-imposed July 4th deadline.Julie Circin joins us now from her post. Uh Julie, what's interesting about this to me is is Vance broke this 50-50 tie, but but this is just to reset the scene for our viewers. is really the bulk of President Donald Trump' ...

Fiscal Policy & Economic Impact - The Trump administration's spending bill is projected to increase the US deficit by $33 trillion [1] - White House officials claim the bill will protect and strengthen Medicaid for the needy, pregnant women, children, and sick Americans [2] - The administration projects 3% growth from the bill, adding $4 trillion to revenue, positioning it as a deficit reducer [2] - Economists criticize the GOP for using "accounting creative writing" to mask the $4 trillion cost of the tax bill [3] - The White House Council of Economic Advisers believes the bill will reduce the national debt, a claim considered absurd by some economists [8] Market & Investor Sentiment - Despite concerns about US debt, the stock market initially reacted positively to the bill [10] - The bond market is less enthusiastic than the stock market, and the dollar has performed poorly against other currencies [11] - Some believe the stock market's optimism is fueled by hopes that AI will change the world [11] Trade & Tariffs - Negotiations are slowing because President Trump threatens to impose more tariffs even after a deal [12] - No one has permission to make actual deals for the United States except for the president [13] - Imposing new tariffs upsets the apple cart and restarts negotiations from scratch [14] - The president could tear up trade agreements and demand new ones, undermining commitment [15] Immigration & Labor - The Trump administration is rethinking deportation policies for migrants working in industries like hospitality and agriculture [17] - The administration is considering a temporary pass for farm workers where farmers can have some control [18] - Uncertainty around immigration policies makes it difficult for farmers and hospitality companies to plan, as workers may not show up due to fear of ICE [22]

Tonight, all the focus is on the Senate floor. All day long, senators have been voting on amendments to Donald Trump's gargantuan tax and spending bill. Republicans are rushing to get the bill to Trump's desk in time for his Friday deadline.Now, Donald Trump wants you to focus on his campaign promises that are in the bill, extending the tax cuts from his first term, billions of dollars for border security, and eliminating taxes on tips and overtime. But let's level set about what else this bill will do. It ...

It is day 162 of the second Trump administration and tonight the focus is on the Senate floor. You are looking at it live right now. All day long, senators have been voting on amendments to Donald Trump's gargantuan tax and spending bill.Republicans are rushing to get the bill to Trump's desk in time for his deadline on Friday. Donald Trump wants you to focus on his campaign promises that are in the bill, like extending the tax cuts from his first term, billions of dollars for border security, and eliminati ...

What does it mean for motans. Uh, this bill, it's a nightmare like every other state. One out of two people in my state is on Medicaid if they're in assisted living.So, think about that. So, this they are literally giving tax cuts to the wealthiest, $400,000 tax cut to multi-millionaires on the backs of people in assisted living, kids who are getting kicked off of food assistance. And it is, as just pointed out correctly, over $4 trillion in debt, which is going to mean increased mortgage rates.It's going t ...

Republicans are waving a $3.8 trillion magic wand over their tax-and-spending megabill, declaring that their extensions of expiring tax cuts have no effect on the federal budget https://t.co/6s9ZtLGJXl ...

Joining me right now, we have Senator Amy Clolobashar, Democrat from Minnesota. Senator, I'm so glad you're here, and I know, ma'am, that you have a 3:20 p. m.uh speaking on the floor. So, we're going to get going right now for you. What is happening on the floor right now.And with the full text of the bill only released overnight, do your Senate colleagues really know what's in it. Uh that would be it is 900 plus pages. So, don't think so.But what we do know from some immediate analysis which Senator Schum ...

EUGENE ROBINSON. >> GREAT GROUP. >> TO START OFF.>> A BUSY NEWS MORNING. >> AND WE. >> WILL DIVE RIGHT IN, BEGINNING WITH.REPUBLICANS NOW FACING A. >> MAJOR SETBACK. AFTER A.SENATE OFFICIAL RULED AGAINST. >> A SERIES. >> OF.HEALTH CARE CUTS. AND SAVINGS IN THEIR SWEEPING. DOMESTIC POLICY BILL.>> THE NONPARTISAN. >> SENATE PARLIAMENTARIAN, ELIZABETH MCDONOUGH, DISQUALIFIED SEVERAL PROVISIONS, INCLUDING. ONE THAT PROHIBITS FEDERAL FUNDING OF MEDICAID.>> AND THE CHILDREN'S HEALTH INSURANCE PROGRAM. >> FOR ADUL ...