The passage of the 'One Big Beautiful Bill' by Speaker Mike Johnson and the House is seen as a critical victory for President Trump's agenda. However, it highlights the ongoing issue of rising federal spending, which has surged over $2 trillion since pre-pandemic levels, raising concerns about future fiscal stability. While the bill prevents tax hikes that could derail the economy, criticism arises over Republicans' reluctance to cut back on government spending, with the suggestion that many Americans do not see tangible benefits from federal expenditures. The future of the bill hinges on Senate approval and reconciliation between the chambers.
"Congratulations to President Donald Trump and Speaker Mike Johnson for getting the Big Beautiful Bill through the House; this was a vital win for Trump's agenda."
"Federal outlays are up more than $2 trillion a year over the prepandemic level, from $4.4 trillion in 2019 to $6.8 trillion in 2024."
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