US EditionTrump's 'Big Beautiful Bill' Could Boost NC Economy - or Hurt GOP Prospects in 2026
UNITED STATES, JUL 04 – The bill enacts nearly $4.4 trillion in tax cuts over a decade and includes cuts to social safety net programs, sparking political debate and close congressional votes.
- On Friday, President Donald Trump signed the One Big Beautiful Bill into law after narrow congressional votes at the White House.
- Driven by expiring first-term tax rates and Trump priorities, the bill passed narrowly with $4.4 trillion in cuts over a decade, fulfilling campaign promises.
- The bill passed the House 218-214 and the Senate 51-50 via Vice President Vance, with projections estimating a $4 trillion rise in national debt.
- Implementation begins July 9, pressuring state budgets as federal spending cuts create revenue challenges, according to political scientist Chris Cooper.
- As the 2026 midterm elections approach, the bill’s unpopularity may threaten Republican control and leave 11.8 million Americans uninsured by 2034.
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Political fallout of 'big, beautiful bill'
President Donald Trump’s new budget reconciliation law is already starting to define next year’s midterm elections. CQ Roll Call’s Daniela Altimari and David Lerman assess the political repercussions for both parties of the mammoth legislation and what it took to get the package across the finish line. Show Notes:
·Washington, United States
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CHRONIQUE. Can Trump's "great and beautiful finance law" cost the Republicans their majority next year? Press review of a bet deemed dangerous.
·Paris, France
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Total News Sources31
Leaning Left5Leaning Right11Center5Last UpdatedBias Distribution52% Right
Bias Distribution
- 52% of the sources lean Right
52% Right
L 24%
C 24%
R 52%
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