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CNBC Daily Open: Trump's 'big, beautiful' tax bill might only be a short-term boost to the U.S. economy

Upworthy Friday, 23 May 2025 ()
U.S President Donald Trump's "big, beautiful" tax bill was passed by the House of Representatives Thursday and is headed to the Senate for approval. If the bill clears that hurdle and becomes law, it "reduces taxes for lots of people, it increases spending, especially on defense," said Jed…
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News video: Breaking: U.S House Passes Trump’s BIG, BEAUTIFUL Tax Bill By One Vote | Military Up, DEI Axed

Breaking: U.S House Passes Trump’s BIG, BEAUTIFUL Tax Bill By One Vote | Military Up, DEI Axed 03:19

President Trump's sweeping tax and spending bill has passed the House with a razor-thin 215–214 vote, despite opposition from all Democrats and two Republicans. The 1,000-page bill advances Trump’s 2017 tax cut agenda, expands deportation powers, boosts military spending, and slashes green energy...

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