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Snapshot 6:Mon, May 19, 2025 12:22:17 PM GMT last edited by Anna-Lisa

Trump's Tax Bill Advances After Late-Night Budget Vote

Trump's Tax Bill Advances After Late-Night Budget Vote

Above: Donald Trump during the Al Udeid Air Base tour on May 15, 2025, in Doha, Qatar.  Image copyright: Win McNamee/Staff/Getty Images News via Getty Images

The Spin

The tax cuts and spending package is a crucial opportunity to deliver meaningful relief to hardworking Americans while implementing necessary reforms to welfare programs. The legislation will spur sufficient economic growth to offset debt concerns, strengthen border security, and eliminate burdensome taxes on tips and overtime pay that hurt working families.

This reckless legislation would explode the national debt, strip healthcarehealth care from millions of vulnerable Americans, and trigger economic instability, as evidenced by unprecedented credit rating downgrades. The bill prioritizes tax cuts for the wealthy while making devastating cuts to critical safety net programs that middle-class families depend on.

Metaculus Prediction

There's a 50% chance that the U.S. national debt will reach $50 trillion by November, 2029, according to the Metaculus prediction community.

The tax cuts and spending package is a crucial opportunity to deliver meaningful relief to hardworking Americans while implementing necessary reforms to welfare programs. The legislation will spur sufficient economic growth to offset debt concerns, strengthen border security, and eliminate burdensome taxes on tips and overtime pay that hurt working families.


The Controversies



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