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GOP Unveils Massive Fiscal Bill to Cement Trump Tax Cuts, Faces Debt and Medicaid Pushback

United States: In a dramatic flourish just before the weekend, Senate Republicans dropped their expansive 940-page fiscal manifesto—an audacious reimagining of President Donald Trump’s flagship tax-slash and expenditure surge plan. This bold legislative reveal marks the ignition point for a weekend of intense deliberations, with the upper chamber primed for a Saturday vote that could send tremors through Capitol Hill.

Tagged the One Big Beautiful Bill Act, the proposal aims to elongate the legacy 2017 tax cuts—once hailed as Trump’s cornerstone first-term victory—while instituting fresh tax chisels and fortifying military and border security coffers. Independent fiscal examiners project the earlier House variant would balloon the US sovereign debt by nearly $3 trillion, compounding the already staggering $36.2 trillion ledger.

In a resolute push, President Trump has championed swift passage of the act ahead of the symbolic July 4th landmark, with the White House asserting the bill could trim $1.4 trillion off the annual fiscal shortfall.

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