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NotableEconomyThe Guardian·The Guardian

Donald Trump doesn’t just love billionaires, he loves multimillionaires too

Donald Trump doesn’t just love billionaires, he loves multimillionaires too

House Speaker Mike Johnson stated that the House passed its version of Donald Trump’s One Big Beautiful Bill Act, which paired tax cuts with cuts to food stamps and Medicaid, was not giving tax cuts to millionaires but to small business owners. The bill's passage and Johnson's statements have been met with criticism regarding the distribution of tax benefits and the impact on government revenue.

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