House passes Trump's 'big beautiful' tax bill
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The House of Representatives passed the “one big, beautiful bill” Thursday morning, but not before the House Rules committee introduced
Millions of low-income Americans, including families with children, could lose their food stamp benefits under House Republicans’ newly passed tax and spending cuts package, according to a Congressional Budget Office analysis released Thursday.
Oklahomans could see quite the shake up to their Medicaid coverage as the outwardly labeled “Big Beautiful Bill” works through Congress. It passed the House by a narrow vote and experts estimate millions of Americans might lose their healthcare,
President Trump's domestic policy bill, dubbed the One Big Beautiful Bill Act, was passed by the House of Representatives in a 215-214 vote early Thursday morning. The vote comes after days of negotiations among legislators.
More than 7 million people will lose Medicaid coverage over the next 10 years if the bill becomes law, according to the Congressional Budget Office.
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House and Senate leaders are broadly aligned on the tax bill and have been meeting regularly to avoid points of conflict. But Senate Republicans made clear the compromise, a product of frenzied last-minute negotiations, must be negotiated again after it passed the House by a single vote on Thursday.
The White House says the House GOP's tax cuts will usher in an economic boom. Top economists say the upside is negligible.
The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday.