The new Trump-led tax bill promises an American ‘golden age’ – that conveniently ends with his presidency
The GuardianThursday, May 22, 2025 at 12:29:50 PM
The GOP just pushed through a new tax bill dubbed the "One Big Beautiful Bill Act," which extends Trump-era tax cuts—but there’s a catch. The benefits, pitched as ushering in an "American golden age," are set to expire the moment Trump leaves office. It narrowly passed 215-214, raising questions about what happens next for taxpayers if (or when) the policy sunsets.
Editor’s Note: This isn’t just about tax cuts—it’s a political time bomb. By tying the bill’s lifespan to Trump’s presidency, Republicans are either betting on his re-election or setting up a fiscal cliff for the next administration. Either way, it’s a risky move that could leave ordinary Americans in limbo. And with such a tight vote, it’s clear even some in the GOP aren’t sold on the strategy.
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