Trump, tax and budget bill
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Democrats who’ve decried the law’s cuts to Medicaid and food stamps are expected to try to use it against Republicans in closely contested congressional campaigns next year, including one expected to play out in the Luzerne County area where Vance promoted the legislation.
Key provisions in the president’s signature legislation will take effect at different times over several years.
Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.
The Republican tax bill included $150 billion for defense, but the Pentagon has asked Congress for $1 trillion. The NDAA will likely dredge up new policy fights, from anti-drone systems to making it harder for the U.S. to withdraw troops from Europe.
President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.
A CNN poll found that 61% of Americans oppose the GOP's massive tax and spending overhaul, with 58% citing its impact on the federal deficit as a reason to oppose it.