Trump, Beautiful Bill 201
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Santa Clara County officials fear that Republicans’ “big, beautiful bill” will rip a “seismic tear” in the country’s social safety net as they brace for more than $1 billion in lost federal revenues locally over the next few years.
Every dollar saved on taxes over the new few years could help offset the impact of the numerous safety-net cuts.
Larry Summers said the bill likely would not make the economy stronger, and flagged concerned over the amount it would add to the US debt.
The Trump administration’s “big, beautiful” tax and spending bill is now law across the country, but its impact on states is still uncertain. Democrats on Capitol Hill
Queens and Long Island Rep. Tom Suozzi stood by his decision to vote against the One Big Beautiful Bill Act despite acknowledging that he agrees with roughly three-quarters of the megabill.