US EditionRicketts, Fischer Speak About Backing One Big Beautiful Bill
UNITED STATES, JUL 05 – The bill raises the debt ceiling and extends tax cuts, while cutting social service funding and weakening environmental protections, increasing deficits by up to $4.1 trillion, experts say.
- U.S. Senators Deb Fischer and Pete Ricketts voted in favor of the legislation that supports President Trump’s policy priorities, which successfully passed both chambers of Congress.
- The bill extends the 2017 Tax Cuts and Jobs Act, introduces new work requirements for able-bodied adults, and includes $1.2 trillion in Medicaid and food stamp cuts.
- Fischer and Ricketts highlighted protections for Nebraska families, farms, and small businesses, while concerns remain about Medicaid cuts and effects on low-income Nebraskans.
- The bill prevents a $2,400 tax increase for the typical Nebraska household and permanently maintains benefits like the tax incentive for employers offering voluntary paid leave, supporting both businesses and employees.
- The legislation promotes economic growth but poses challenges, including potential strain on rural hospitals and debate on the effectiveness of new work requirements.
19 Articles
19 Articles
With Debt Concerns Mounting, Resurfacing Presentation from Jim Rickards Suggests U.S. May Already Own What It Needs to Fund Trump's Economic Revival
Washington, D.C., July 06, 2025 (GLOBE NEWSWIRE) -- As negotiations intensify over how to pay for President Trump's sweeping economic legislation—dubbed the "Big Beautiful Bill" by those close to the administration—a released presentation from economic strategist Jim Rickards details a resource that could ensure this needed windfall does not come in the form of taxes or borrowing at all. Instead, Rickards discusses a hidden reserve of national w…
One Big Beautiful Bill is one big backwards step for America’s healthcare system
Nearly every advanced nation on the planet offers affordable universal health care to its citizens with one huge and notable exception: the United States of America. Over the past 60 years, the U.S. has been making progress towards providing health insurance for all of its citizens, with programs like Medicaid, Medicare, and the Affordable Care Act. But Donald Trump’s One Big Beautiful Bill Act includes the largest healthcare cuts in history – a…
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