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From taxes to health care to immigration, Trump's 'big, beautiful bill' will have big impact on Long Island NewsdayHow Trump's big bill will affect you, from Medicaid cuts to tax credits The Washington PostPresident Trump's "big, beautiful bill" threatens Medicaid access for millions in Florida, advocates warn CBS NewsThree reasons why Republicans cut Medicaid Politico
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If we think about the economic effects of President Donald Trumps big taxing and spending and domestic policy bill, we can roughly sum it up in one line. It goes something like this:
We will make many big tax cuts permanent and pay for those tax cuts by cutting Medicaid and a few other things and also...by borrowing money.
A lot of money.
Even more than we've already been borrowing over the past twenty years. (And that was already a lot, too!)
Today: simple arithmetic with profound ramifications. Tax cuts, spending cuts, and whether they balance out. (Spoiler: no.)
We look under the hood to see how all this is calculated. And we ask: how will a bigger deficit play out for all of us, in our normal, regular lives?
We've covered a bunch more having to do with the big taxing and spending bill and the federal debt recently on Planet Money and our short daily show The Indicator:
- So, how's this No Tax On Tips thing gonna go?
- A thought experiment on how to fix the national debt problem
- The paperwork trap: A sneaky way to cut Medicaid in the 'One Big Beautiful Bill'?
- The debt limit, the origins of the X Date, and why it all matters
- What's a revenge tax?
- Is the federal debt REALLY that bad?
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ICE prepares detention blitz with historic $45 billion in funding The Washington PostGOP tax bill bets big on Trump's immigration agenda despite poll warnings The Washington PostIn Trump's new budget bill, Latinos pay a hefty price Los Angeles TimesHow Immigrants Will Help Fund Trump's Tax Cuts WSJSenate Approves Unprecedented Spending for Mass Deportation, Ignorin
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Trump Says White House Will Host a UFC Championship Fight as Part of U.S.'s 250th Anniversary Celebration VarietyPresident Donald Trump wants UFC fight on White House grounds ESPNTrump kicks off 4 July celebrating tax-and-spending bill and promising UFC fight at White House The GuardianFull 'Idiocracy': Trump's Bonkers Plan For White House Event Gets Panned By Critics Yahoo NewsTrump says he'll host a UFC fight at the White House as part of "America250" celebrations
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How Trump's big spending bill will overhaul repayment for millions of student-loan borrowers Business InsiderWhat will student loans look like after Trump's spending bill is signed? USA TodayWhat Trump's Big Bill Means for Colleges, Student Loans and Grants The New York TimesGeorgia's universities and students will see changes under Trump's tax bill AJC.com
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'Selling' the megabill: Republicans tout taxes, Democrats point to Medicaid cuts ABC News - Breaking News, Latest News and VideosHow your income taxes will change after Trump signs the ‘big, beautiful bill' into law The HillGame on: Republicans, Democrats trade fire over
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The legislation has big implications for seniors, families, Medicaid recipients, immigrants and others.
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