Fiscal Gamble
US President Donald Trump’s latest legislative triumph ~ a massive tax cut and spending bill ~ may appear on the surface as a defining moment of policy success, but beneath its celebratory veneer lies a deep fault line in American politics and priorities. Branded by the President as a “big, beautiful bill,” the legislation delivers sweeping tax cuts and redefines federal spending, but its broader implications raise sobering questions about the future of economic equity, fiscal prudence, and political coherence. The bill, passed by razor-thin margins in both the Senate and House, is a bold restatement of Mr Trump’s economic vision: slash taxes, boost defence and border spending, and roll back social support systems.
By making the 2017 tax cuts permanent and removing levies on tips, overtime, and Social Security benefits, Mr Trump has doubled down on a supply-side approach that has long been contested in both economic........
© The Statesman
