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Graham Splits Trump's Megabill into Three Separate Proposals

6/12/2025

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Summary

Story summary

Senate Budget Chair Lindsey Graham is gearing up for significant changes to President Trump's ambitious megabill. He plans to introduce up to three separate tax and spending bills to better align with party priorities, highlighting the struggle to consolidate all desired provisions into a single package while maintaining party unity.

History

Historical Context

The Tax Reform Act of 1986, championed by President Ronald Reagan, transformed the U.S. tax system by reducing tax brackets from 14 to 2 and lowering the corporate tax rate to 34%. This significant reform aimed to simplify taxation and boost economic growth. Today, Senator Lindsey Graham's push for new tax and spending bills reflects ongoing challenges in achieving comprehensive fiscal reform amidst party divisions.

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Story summary

Senate Budget Chair Lindsey Graham is gearing up for significant changes to President Trump's ambitious megabill. He plans to introduce up to three separate tax and spending bills to better align with party priorities, highlighting the struggle to consolidate all desired provisions into a single package while maintaining party unity.

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