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Senate's "One Big Beautiful Bill" Sparks Controversy Over Tax Cuts

6/21/2025

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Senate Proposes Tax Reform
  • The U.S. Senate's ambitious "One Big Beautiful Bill" aims to reshape tax and Medicaid policies, diverging sharply from the House's approach. With a modest boost to the child tax credit, deeper Medicaid cuts, and a preserved $10,000 SALT deduction cap, critics warn it may favor affluent households at the expense of low-income families, as highlighted by the Congressional Budget Office.
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