Mainstream media isn't addressing the potential negative impacts on GDP and growth from Trump's 'Big Beautiful Bill' cutting taxes and spending by trillions of dollars. After reviewing in detail the various provisions of the US House of Representatives final bill, likely changed little by the Senate, today's show explains how the short term impacts of the spending cuts on GDP in 2nd half this year will likely more than offset the longer term effects of the tax cuts. Review of consumer spending, business investment, govt spending, and net exports impacts on GDP due to the tax and spending provisions of the bill.
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