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Trump's 'Big Beautiful Bill' Could Boost NC Economy - or Hurt GOP Prospects in 2026

  • President Donald Trump signed the 'One Big Beautiful Bill' on July 4, a multitrillion-dollar tax cut and spending measure that narrowly passed Congress.
  • The bill permanently extends Trump's 2017 tax cuts while making steep Medicaid and food assistance cuts to fund the $3.4 trillion legislative package.
  • Experts and economists disagree on the bill's impact, with some predicting economic growth and others warning of rising uninsured rates and state budget challenges.
  • A June Fox News poll found 73% of Republicans support the bill, while 89% of Democrats and 73% of independents oppose it, reflecting strong partisan division.
  • House Republicans plan to emphasize this vote as a defining 2024 midterm issue amid Democrats’ campaign focus on the bill’s unpopularity and cuts to social programs.
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64% Right
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Neue Zürcher Zeitung broke the news in Zürich, Switzerland on Friday, July 4, 2025.
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