Trump's Bill: Massive Tax Cuts, Spending Increases, Debt Soars
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Republicans are poised to pass President Trump's expansive bill, significantly impacting various sectors. The bill makes 2017 tax cuts permanent, introduces new tax breaks, and benefits wealthy Americans and businesses. Conversely, it slashes funding for Medicaid, food stamps, and student loans, while also targeting clean energy initiatives. Increased spending is allocated to border security, mass deportation, and the military, resulting in a projected $3 trillion increase to the national debt.
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