It is time for money power politics. The analysis by the nonpartisan CBO was crystal clear. Trump's spending mega bill will balloon the US deficit by $3.3% trillion and cut health care for millions.But White House officials are working overtime to convince Americans that it'll do the exact opposite. Watch this. This bill protects Medicaid, as I laid out for you, for those who truly deserve this program.the needy, pregnant women, um children, um sick Americans who physically cannot work. This bill strengthen ...

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 ...

Hammy Baldwin of Wisconsin taking a break from voterama. Senator Baldwin, are there any Republicans that are going to vote no this evening. The It remains to be seen.And if you can believe it, I believe they are still writing portions of this bill because they are discovering based on the massive input from constituents across the country that this bill is deeply unpopular. Turns out that people don't like uh bills that cut 17 million people off of their health care. And people don't like the idea of taking ...

What you are going to see as a result of the bill that's moving through the Senate that will then go back to the House is a $4 trillion deficit increase. And that's in the view of the nonpartisan Congressional Budget Office. Our estimates at the Yale Budget Lab are very similar.So are those from the Tax Foundation. So are those from from the Committee for a Responsible Federal Budget. So all of these groups are telling you one thing.This is a huge deficit increase. And then you have to ask the question it's ...

We owe it to the states to do the work to understand how these proposals affect them. How hard is that. I did it.How hard is it. I'm telling the president that you have been misinformed. You supporting the Senate mark will hurt people who are eligible and qualified for Medicaid.Hi again everyone. I'm Elisi Menendez in for Nicole Wallace and it is five o'clock here in Washington DC where the voterama taking place in the Senate is still underway on that massive domestic spending bill. A bill that would drasti ...

Joining us now, New York Times chief White House correspondent and MSNBC political analyst Peter Baker. Help me explain why Republicans are pushing this bill given the 2 to1 ratio about people liking it or not liking it. Given that impassion speech you just heard from Tom Tillis, um why are they going through with this.Well, look, obviously the tax cuts are a major major focus for President Trump. it. He considers it to be his uh signature domestic priority.After having passed his first term, he has to keep ...

Oh, I 100% disagree with those numbers. You remember that in the House bill, there were a bunch of things that were temporary uh that were there for the first four or five years, but then looked like they raised money in the out years, but of course, a big tax hike in the fifth year is going to cause a recession to reduce uh growth and and increase the deficit. Uh the number that I think is the best number to think about when you're looking at that 3.3% trillion is that if we get 3% growth instead of 1.8% 8 ...

Tax and Spending Bill - The administration aims to pass the tax and spending bill, potentially leading to significant economic changes [1][2] - The Congressional Budget Office (CBO) estimates the Senate bill will increase the deficit by $33 trillion (3300 billion) from 2025 to 2034, a figure the National Economic Council Director disagrees with [3][4] - The administration projects that achieving 3% growth, instead of 18% (1.8%), would add $4 trillion to revenue, potentially making the bill a deficit reducer [4] - The administration plans to send discretionary spending cuts to the Senate, potentially amounting to $160 billion this year [5] Economic Growth and Impact - The administration believes the bill relies on the economy moving up to 3% growth, driven by factors like no tax on overtime for 90 million American hourly workers [6][7] - The Council of Economic Advisers projects the bill will increase income for the typical American family by $10000 [8] Energy Policy - The administration supports an "all of the above" approach to energy production, including coal, natural gas, oil, and nuclear, to support AI and other sectors [10][11] - The administration prioritizes grid security, suggesting that solar and wind energy must pass a market test and not compromise grid reliability [15] Trade and International Tax - The administration expects digital services taxes around the world to be removed as part of ongoing trade negotiations [20] - The G7 countries have agreed not to have the so-called pillar 2 tax (global minimum tax) [21] - The administration has double-digit trade deals with frameworks nearly agreed to, with potential tariff rate adjustments to be determined [23]

Fiscal Policy & Budget - The bill could increase the deficit by over $3 trillion over the next 10 years [1] - The bill proposes overhauling social programs such as SNAP (food stamps) and Medicaid [1] - The Senate bill would modify how states receive Medicaid funds, reducing the amount received via a special tax and creating a $25 billion fund to support rural hospitals [2] Political Dynamics & Opposition - Senator Tom Tillis initially voted against the bill, facing threats from President Trump [2] - Democrats argue the bill's growth is out of control, with strong criticism of its content [3] Specific Allocations & Provisions - The bill includes earmarks such as $85 million for moving the retired space shuttle Discovery [4] - The bill proposes creating a $1,000 Trump saving account for all newborns and requiring a $100 fee for asylum applications [4]

Joining me right now, we have Senator Chris Van Galand of Maryland. Senator, it's good to see you again, sir. So, I do want to begin with the unexpected news that we got what 30 45 minutes ago or so about Senator Tom Tillis and the fact that he will not run again for reelection next year when he would have been up.Um, was this a surprise to you. It is a surprise. It's also an indication that uh Tom Tillis knows this is a very rotten bill.It's been clear from the beginning he had deep misgivings about uh thi ...