House passes Trump's 'big beautiful' tax bill
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The Republican-led House narrowly passed President Donald Trump’s sweeping tax and spending bill late early Thursday morning, sending the package to the Senate where it is likely to be revised.
President Trump’s ‘big beautiful spending’ bill is giving investors pause as bond yields move higher over debt and deficit concerns. The 10-year Treasury yield topped 4.5% creating headwinds for U.S.
A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Goldman Sachs' Alec Phillips.
Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,
The White House Council of Economic Advisers has released new taxpayer savings projections for President Donald Trump's "big, beautiful bill."
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