July 8, 2025
The "One Big Beautiful Bill" signed by President Trump on July 4, praised by Republican Senator Tim Scott as promoting fiscal responsibility and opportunity, is being heavily criticized by equity advocates as harmful to Black communities and working Americans. While Republicans frame the legislation as beneficial for American families, Democratic leaders like House Minority Leader Hakeem Jeffries characterize it as rewarding billionaires at the expense of everyday citizens. According to independent analyses, the law will significantly increase the federal deficit through permanent corporate tax cuts while providing only temporary benefits to middle-income households.
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Read full article from source: The Washington Informer