What’s in Trump’s “Big, Beautiful Budget Bill” in the U.S. House?
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Alex Brill.
The U.S. House is considering the so-called “Big, Beautiful Budget Bill,” a sweeping package backed by former President Donald Trump. At its core, the bill proposes over $5 trillion in tax cuts—largely an extension of the 2017 Trump-era tax law. It includes new benefits for retirees, workers, and private schools, while eliminating many Biden-era green energy programs.
To offset some of the tax reductions, the bill proposes $900 billion in spending cuts, mainly targeting Medicaid and SNAP (food stamps). These changes include stricter work requirements and eligibility reviews, which could significantly impact millions of low-income Americans.
A signature feature is the creation of “MAGA accounts,” tax-free savings accounts for children born between 2025 and 2028, seeded with $1,000 to encourage early investment and financial literacy.
The bill also devotes $69 billion to border security, including wall construction and expanded deportation operations. An additional $150 billion would boost defense, funding advanced missile defense systems.
Supporters call it a return to “America First” priorities; critics say it favors the wealthy and slashes vital safety nets. Its fate remains uncertain amid narrow Republican control and sharp partisan divides.
According to the American Enterprise Institute, “Alex Brill is a resident fellow at the American Enterprise Institute (AEI), where he studies the impact of tax policy on the US economy as well as the fiscal, economic, and political consequences of tax, budget, health care, retirement security, and trade policies. He is the editor of Carbon Tax Policy: A Conservative Dialogue on Pro-Growth Opportunities. Before joining AEI, Brill served as the policy director and chief economist of the House Ways and Means Committee. Previously, he served on the staff of the White House Council of Economic Advisers. He has served on the staff of the President’s Fiscal Commission (Simpson-Bowles) and the Republican Platform Committee (2008). He is also the founder and CEO of the economic consulting firm Matrix Global Advisors (MGA). Brill has an MA in mathematical finance from Boston University and a BA in economics from Tufts University.”
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