Good news on inflation could be quickly erased by tax rises and Trump turbulence ahead

Trump’s “Big, Beautiful” BILL Explained: Why Everyone Is MAD Over BBB|Cuts for Rich, Chaos for Poor?

A massive new tax and spending bill, championed by Donald Trump as his "big, beautiful bill," has cleared major congressional hurdles and is now facing a final, contentious vote. The legislation proposes a sweeping overhaul of the US economy, extending Trump's 2017 tax cuts while significantly boosting defense and energy spending and allocating new funds for border security. This move has ignited a political firestorm in Washington D.C., creating deep divisions not only between parties but within the Republican ranks and even straining Trump's relationship with high-profile supporters like Elon Musk. The funding for this ambitious bill is at the heart of the controversy. The Republican proposal outlines deep cuts to essential social safety nets, including Medicaid, the Supplemental Nutrition Assistance Program (SNAP), and other low-income assistance programs. According to the Congressional Budget Office, these changes could result in nearly 12 million Americans losing their health coverage. The bill also introduces new work requirements for childless, able-bodied adults to receive Medicaid and SNAP benefits. The financial implications are staggering. The bill is projected to add an estimated $3.3 trillion to the national debt over the next decade, a figure that has caused alarm and division among fiscal conservatives in the GOP. Social Democrats like Bernie Sanders have fiercely condemned the bill, labeling it a "handout to Trump’s rich allies." In a tense Senate session, Vice President JD Vance had to cast a tie-breaking vote to advance the legislation. Despite the backlash, the bill contains provisions aimed at working-class voters, such as eliminating federal taxes on tips and overtime pay. However, House Democrats have blasted the legislation as a "reckless, regressive GOP tax scam" ahead of the crucial midterm elections. As the final vote looms, Trump has urged Republican lawmakers to "stay united" and pass the bill, which also includes a provision to raise the debt ceiling by $5 trillion. #DonaldTrump #USTaxBill #USPolitics #ElonMusk #BreakingNews #OneindiaNews #Americanews #Republicans #Democrats #BernieSanders Also Read America Will Be Richer, Safer, and Prouder: Trump As Big, Beautiful Bill Passes Congress :: https://www.oneindia.com/international/trump-s-big-beautiful-bill-passes-congress-in-big-win-for-us-president-011-7790919.html?ref=DMDesc How Donald Trump's Big Beautiful Tax Bill Could Benefit Indians Living in the US :: https://www.oneindia.com/international/how-donald-trump-big-beautiful-tax-bill-could-benefit-indians-living-in-the-us-7790321.html?ref=DMDesc Trump's Ambitious One Big Beautiful Bill Promises To Bring Sweeping Changes to American Life :: https://www.oneindia.com/international/trump-ambitious-one-big-beautiful-bill-promises-to-bring-sweeping-changes-to-american-life-7789991.html?ref=DMDesc ~HT.178~ED.346~GR.122~

Trump Reacts to Passage of ‘Big Beautiful Bill’—'It’s the Biggest Ever, Launch U.S into rocket ship’

U.S President Trump is claiming total victory after Congress narrowly passed his massive $4.5 trillion ‘Big Beautiful Bill.’ Calling it the “biggest bill of its kind ever signed”, Trump says the legislation will blow away his first-term achievements and launch the U.S. into a new era of economic dominance. The bill includes historic tax cuts, major funding for border security, and delivers on nearly every major second-term promise — all while Trump calls out past administrations for “weak, failed leadership.” This July 4th, Trump isn’t just celebrating — he’s redefining American power. #Trump #BigBeautifulBill #Trump2025 #TaxCuts #BorderSecurity #GOPVictory #AmericaFirst #RocketShipEconomy #Congress #July4th #TrumpSpeech #SecondTerm #PoliticalVictory ~HT.318~PR.274~GR.122~

'Trump's One Big, Ugly Bill': Jeffries Holds Floor For Hours To Derail Trump’s ‘Big Beautiful Bill’

House Democratic Leader Hakeem Jeffries took to the floor for hours, delivering a marathon speech aimed at derailing former President Trump’s controversial “Big Beautiful Bill.” Branding it “one big, Ugly bill,” Jeffries slammed the legislation as a reckless handout to corporations and a threat to working families. Republicans accused Democrats of political grandstanding, while Trump allies vowed to push the bill through regardless. #TrumpBigBeautifulBill #BigBeautifulBill #BeautifulBillTrump #TrumpBillVote #TrumpMAGA #TrumpLegislation #BigBeautifulBillPasses #TrumpBillDebate #TrumpCongressShowdown #SenateVotesTrumpBill #TrumpBillProtests #HakeemJeffriesVsTrump #TrumpBillEvent #BigBeautifulBillHouse #TrumpBillFight #BigBeautifulBillMAGABase #TrumpBill2025 #TrumpBillControversy #BigBeautifulBillDebate #TrumpBillPush ~HT.318~PR.152~ED.346~

Trump’s “Big Beautiful Bill” Passes Congress — Heads to his Desk for July 4th White House Power Play

In a massive second-term victory, U.S President Donald Trump’s $4.5 trillion “Big Beautiful Bill” has officially cleared the U.S. Congress. Passed by a narrow margin of 218–214 in the House, the legislation delivers sweeping tax cuts, permanent extensions of his 2017 reforms, and major funding for border security and immigration enforcement. Despite deep Republican divisions and united Democratic opposition, Trump is set to sign the bill into law at a high-profile July 4th ceremony. What does this mean for America’s economy and the 2026 elections? Let’s break it down. #Trump #BigBeautifulBill #July4th #TaxCuts #BorderSecurity #Congress #Politics #Trump2025 #USPolitics #Legislation #JDVance #GOP #WhiteHouse ~PR.274~HT.318~GR.122~

Minister admits ‘there is more to do’ on inflation

Exchequer Secretary to the Treasury James Murray admits “there is more to do” in order reduce inflation further following a small fall in the Consumer Prices Index to 3.4% in May. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Reeves: I was upset at PMQs over a personal issue

Chancellor Rachel Reeves says it is "clear" she was "upset" at PMQs on Wednesday, adding the reason she was tearful was down to a "personal issue". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Starmer: I have every faith in my chancellor

Prime Minister Sir Keir Starmer said he has "every faith" in his chancellor, a day after Rachel Reeves appeared tearful at PMQs, sparking rumours about her future. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Starmer, Reeves and Streeting unveil NHS 10-year plan

Sir Keir Starmer, Rachel Reeves and Wes Streeting tour a health facility in east London, as the government sets out its 10-year plan for the NHS. The chancellor could be seen smiling and laughing with her colleagues, a day after appearing tearful at PMQs. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

PM smiles with Reeves a day after tearful PMQs appearance

Sir Keir Starmer sits next to a smiling Rachel Reeves at a health facility in London, a day after the chancellor appeared tearful at PMQs. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Stride distances himself from Jenrick's claims about Reeves

Mel Stride has appeared to distance himself from Robert Jenrick, who earlier posted a video on social media claiming Rachel Reeves' career as chancellor was "dead". The shadow chancellor adds, "everybody has their own particular way of conducting their politics". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn