THE OBSERVER: Donald Trump’s signature policy bill narrowly passed the Senate and is back before the House
Donald Trump’s signature policy bill is edging towards the finish line. After narrowly passing the Senate, it is back before the House and could be signed into law before the 4 July fireworks.
So what? It is essentially a tax break that redistributes money from the poorest Americans to the richest. The $4.5 trillion lost in receipts will be offset by
• stripping $1.1 trillion from healthcare spending;
• cutting federal food assistance by $285 billion; and
• treating the debt ceiling as nothing more than a mild inconvenience.
Continue reading » | Fred Harter | Thursday, July 3, 2025
