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Trump Signs Controversial Bill, Sparks Fear for Low-Income Families

7/6/2025

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Trump Signs Controversial Bill

President Trump celebrated Independence Day by signing the controversial "One Big Beautiful Bill" on July 4, 2025. This sweeping legislation promises hefty tax cuts but slashes Medicaid and food assistance, raising concerns about its $3.3 trillion impact on the national debt. Critics fear it will disproportionately hurt low-income families and vital healthcare services.

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Trump Caps Gambling Deductions

President Trump’s "One Big Beautiful Bill," enacted on July 4, 2025, introduces a contentious rule that caps gambling loss deductions at 90%. Beginning in 2026, this could mean taxing gamblers on their net losses, sparking worry among industry experts. While the American Gaming Association backs the bill for its economic promise, many gamblers are left feeling anxious.

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Trump Signs Controversial Bill

President Trump celebrated Independence Day by signing the controversial "One Big Beautiful Bill" on July 4, 2025. This sweeping legislation promises hefty tax cuts but slashes Medicaid and food assistance, raising concerns about its $3.3 trillion impact on the national debt. Critics fear it will disproportionately hurt low-income families and vital healthcare services.

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