Trump Signs Tax Cuts for Wealthy, Slashes Medicaid, and Adds to National Debt
President Trump signed a comprehensive tax and spending bill on the Fourth of July, fulfilling campaign promises. The legislation includes significant tax cuts, increased spending on immigration enforcement and the military, and cuts to Medicaid. The bill is projected to add trillions to the national debt while reducing tax revenues and potentially leading to millions losing health insurance. Despite some Republican opposition, the bill narrowly passed Congress, setting the stage for a political battle over its economic impact.
John Q. Hosedrinker