Original link: The House passed Trump's 'big, beautiful bill.' Here's how it affects taxpayers and businesses. / Yahoo Finance.
The house of representatives approved Thursday. Now it goes to the senate where some changes are expected.
Cost:
make 2017 tax cuts permanent plus, increase max deduction for state and local taxes, no tax on tips and overtime for low earners : 3775 B$ interest on new debt : 550 B$ increase defense (more ships, missile defense and ammunition) : 144 B$ increase border protections (building wall, more border patrol and customs officers) : 74 B$ other : 200 B$Savings:
healtcare (medicaid by adding work requirements etc.) : 988 B$ education (student grants etc.) : 349 B$ food stamps by increasing work requirement : 238 B$ other : 113 B$Adding up to an increase in debt of 3055 B$.