Thomas Hoenig Reacts to Senate Passing Trump's Tax Bill
BloombergTuesday, July 1, 2025 at 7:51:51 PM
The Senate just approved Trump’s massive $3.3 trillion tax and spending cut bill after Republican leaders scrambled to win over reluctant lawmakers, marking a major political victory for the president. Thomas Hoenig, former head of the Kansas City Fed, shared his take on the decision during an interview with Bloomberg Markets, though the details of his reaction weren’t spelled out in the excerpt.
Editor’s Note: This is a big deal because it’s one of the largest tax overhauls in years, and it’ll ripple through everything from corporate profits to middle-class paychecks. Hoenig’s perspective—coming from a seasoned Fed insider—could hint at how financial experts view the long-term impact, whether they see it as a boost or a gamble. Either way, it’s a defining policy win for Trump and a story that’ll shape economic debates for years.
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