Trump's "Beautiful Bill": Who Pays the Price?

Name: Trump's "Beautiful Bill": Who Pays the Price?
Uploaded: 2025-06-30T22:59:11+00:00
Duration: 2 min 11 s
Channel: Money Explainers
Description: Unpacking the winners and losers of Trump's "One, Big, Beautiful Bill." See how it affects your wallet and future.<br />The Senate just passed President Trump's controversial bill. We break down who faces losses under the new law.<br />Tariffs, taxes, and healthcare. Discover the major economic shifts and potential burdens from the new legislation.<br />#EconomicChange #USPolitics#OBBBAImpact

Money Explainers

30/6/2025

Unpacking the winners and losers of Trump's "One, Big, Beautiful Bill." See how it affects your wallet and future.
The Senate just passed President Trump's controversial bill. We break down who faces losses under the new law.
Tariffs, taxes, and healthcare. Discover the major economic shifts and potential burdens from the new legislation.
#EconomicChange #USPolitics#OBBBAImpact

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00:00Who may face losses under President Trump's one, big, beautiful bill?

00:05President Donald Trump's one, big, beautiful bill,

00:09which recently cleared a significant hurdle in the Senate with a narrow 51 to 49 vote,

00:15is poised to enact substantial changes across various sectors of the U.S. economy and tax landscape.

00:22While the legislation aims to stimulate certain areas,

00:25provisions also suggest potential negative impacts for several groups and economic facets.

00:32These include direct financial burdens on consumers, a weakening of the U.S. dollar,

00:38and significant shifts in federal spending on social programs.

00:43Here are the key entities and individuals who may experience losses or face new challenges under the new law.

00:50American car buyers.

00:51Consumers preparing to purchase new vehicles may face significantly higher costs.

00:57A recent analysis by Alex Partners, reported by Bloomberg,

01:01predicts that vehicle prices in the U.S. will rise by nearly $2,000 per car,

01:07due to new auto tariffs championed by President Trump.

01:11Approximately 80% of this projected dollar.

01:14$30 billion tariff, burden equating to about dollar.

01:19$1,760 per vehicles anticipated to be passed directly to consumers.

01:25Mark Wakefield, global auto market lead at Alex Partners,

01:30explicitly stated that these tariffs bring a big wall of cost,

01:34and that consumers will be taking the majority of the hits.

01:37Such price increases could also lead to a reduction in auto sales by 1 million units over the next three years.

01:44And buyers may face shrinking electric vehicle incentives.

01:49High-income taxpayers.

01:51While the OBBBA includes a temporary increase to the state and local tax deduction cap,

01:57raising it to $40,000 in 2025,

02:00this relief is not permanent.

02:02From 2030 and beyond, the SALT deduction cap is set to return to its original $10,000 limit.

02:10Money expires...

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