Rep. Moran speaks on the ‘Big Beautiful Bill' aimed at cutting $1.5 trillion from spending
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The 'Big Beautiful Bill' is a comprehensive bill from President Donald Trump that includes many factors and laws, mainly focused on cutting $1.5 trillion in spending from the government's budget.
This bill would remove taxes on tips, overtime, make Trump's 2017 tax cuts permanent and Americans could potentially receive tax cuts if the standard deduction is increased. The bill would also cut funding for programs such as Medicaid and SNAP, Rep. Nathaniel Moran explained the reason for these cuts.
'This is stuff that's ballooned over the past ten years where we now have 23 million plus able bodied adults that are on Medicaid that we need to put back to work,' Moran said. 'We need to incentivize them to go back to work and by doing so then they can find their own health insurance and we're happy for that to happen so they can raise their station in life.'
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While the tax cuts could help everyday Americans save money, businesses and companies are claiming they have to raise store prices due to tariffs. Moran said he is hopeful these tariffs are just a short-term necessity and business can bounce back.
'Well business have to do what they have to do to take in the rising costs related to some of the short term tariff negotiations, my hope is that this is in fact what it is, a short term negotiation strategy not a long term economic policy,' Moran said.
These tariffs play a role in America's trades with other countries and according to Moran, China has been violating American trade laws for quiet some time now.
'We are supportive of a number of bills that are out there that actually push back against China's circumvention of our trade laws,' Moran said. 'They have been violating our trade laws for decades now.'
'You got to play by the rules, China is not playing by the rules and China is not playing by the rules because they know they cannot compete with us head to head,' Moran said. 'They can't compete with us in a way that we have done over the last 80 years.'
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Keep on the lookout for more updates on this bill as changes may occur.
House Speaker Mike Johnson said he hopes to advance the tax plan through the chamber for a vote before the Memorial Day recess.
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