Big Beautiful Bill has passed Senate and the markets are flat
What are the changes:
1. Tax cuts for the wealthiest Americans.
2. Up to $40000 tax deductions for 5 years.
3. No taxes on tips & overtime (this is big)
4. Anyone under 65 must work 80 hours a month to receive Medicaid, Medicare cuts.
5. No more funding for Planned Parenthood (I like this one)
6. No more EV credit (TSLA and others will suffer, temporary)
7. Hike debt ceiling by 5 trillion (not good, but they are not going to pay the debt anyway)
8. $150 billion for immigration crackdown, huge amount 👀👀👀
#Trump #ElonMusk $SPX $NDX $SPX #Tariffs #Trump #MarketCycles $TRUMP $NVDA #recession #ratehike #TrumpRally #Stocks #Oil #CL1 #energy #Stonks #VIX #StockMarket #SPX #SPX500 #DJI #YM #NDX #RTY $IWM $QQQ