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Trump's Bill Could Cost Canada $81 Billion, Jeopardize Taxes

5/26/2025

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Summary

Story summary

President Trump's "One Big Beautiful Bill Act" could spell trouble for Canadian corporations, potentially raising their taxes and jeopardizing a crucial tax treaty. If enacted, this legislation may lead to a staggering $81 billion loss for investors over seven years, igniting fears of soaring budget deficits and economic turmoil.

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Story summary

President Trump's "One Big Beautiful Bill Act" could spell trouble for Canadian corporations, potentially raising their taxes and jeopardizing a crucial tax treaty. If enacted, this legislation may lead to a staggering $81 billion loss for investors over seven years, igniting fears of soaring budget deficits and economic turmoil.