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Massachusetts Passes $61 Billion Budget Amid Economic Concerns

7/3/2025

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Healey Approves Budget

Massachusetts lawmakers have greenlit a $61.03 billion budget for fiscal 2026, trimming $941.2 million from previous proposals. With Governor Maura Healey facing a 10-day deadline to respond, worries loom over the budget's reliance on unpredictable millionaire tax revenue, sparking fears of future deficits amid economic instability and looming federal funding cuts.

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Trump's Tax Bill Passed

Senate Republicans narrowly passed President Trump's controversial domestic policy bill, aiming to slash taxes and trim Medicaid funding. The 51-50 vote, with Vice President Vance casting the deciding vote, now faces a tough battle in the House. Critics warn it could leave nearly 12 million Americans without insurance by 2034, jeopardizing vital social programs.

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Healey Approves Budget

Massachusetts lawmakers have greenlit a $61.03 billion budget for fiscal 2026, trimming $941.2 million from previous proposals. With Governor Maura Healey facing a 10-day deadline to respond, worries loom over the budget's reliance on unpredictable millionaire tax revenue, sparking fears of future deficits amid economic instability and looming federal funding cuts.

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