Latest news with #OneBigBeautifulBillAct
Time of India
13 hours ago
- Business
- Time of India
Fox News poll sends Trump into meltdown mode as approval tanks and loyalty from his base wavers
Donald Trump is outraged after a new Fox News poll revealed that his approval ratings are plummeting and his once-solid and loyal base may be shifting. The president lashed out at Fox News on Truth Social, accusing the network of bias. Why is Donald Trump furious with Fox News? The poll released by Fox News reveals rising dissatisfaction among independents and even Republicans. The majority of voters are eight points less satisfied with Trump's performance during his second term, according to a Fox News poll published on Wednesday. Donald Trump's reaction demonstrates the growing rift between his campaign and the once-friendly network as his support dwindles. President Trump took to Truth Social on Thursday and called the network's pollsters "always wrong and negative." Live Events ALSO READ: Trump bypasses Congress and approves imminent Iran strike within hours — shockwaves across Washington He wrote, 'The Crooked FoxNews Polls got the Election WRONG, I won by much more than they said I would, and have been biased against me for years." Donald Trump stated that MAGA despises the network, and he also hates fake pollsters; "they are among the worst," he continued, as per a report by TNR. What's hurting Trump's approval most? The majority of voters remain negative about the status of the economy, according to the poll. The new poll showed his approval rating declining, particularly on inflation, immigration, and foreign policy. Most voters, regardless of their political inclinations, are unhappy with the president's handling of immigration and foreign policy because of his handling of the anti-ICE demonstrations in Los Angeles and the breakdown of diplomatic talks with Iran, as quoted in a report by TNR. Is his base starting to turn on him? Consumers and business owners also began to feel the effects of the president's controversial tariffs. The Federal Reserve only last Tuesday predicted higher inflation. In particular, Trump's job approval is 30 points lower than his performance on inflation, with only 34% of voters approving of his price-level performance. Americans are overwhelmingly against the "One Big Beautiful Bill Act," a comprehensive package of tax cuts and health care "reforms" that congressional Republicans have pushed hard, according to the poll. The poll indicates that almost three out of four independents and the overwhelming majority of Democrats are against the measure. FAQs Why is Donald Trump going after Fox News over this poll? Donald Trump claims the poll is biased and "always wrong," but it is widely regarded as credible and reflects rising voter dissatisfaction with his handling of inflation and key policies. What is driving Trump's declining approval? Voters are critical of his performance on inflation, immigration, and foreign policy. His economic policies and foreign relations mistakes have sparked criticism from across the political spectrum.
New York Post
14 hours ago
- Business
- New York Post
How Dems really view Trump's economic approach — and what it means for the 2026 midterms
A plurality of American voters are supportive of President Trump's economic approach — and nearly one-quarter of Democratic voters are inclined to support House GOP candidates in the 2026 midterms as a result of his trade-focused policies, a new megapoll found. At least 22% of Democrats said Trump's tax-and-tariff agenda makes them more likely to back Republicans in House races next year, a massive Stack Data Strategy multilevel regression and post-stratification poll first reported by Politico Playbook concluded. A firm 18% of white Democrats also said Trump's handling of the economy boosts their chances of backing Republicans, compared to 24% of Hispanic Democrats, 27% of black Democrats, and 30% of Asian Democrats, agreeing with that. Democrats had hemorrhaged minority voters, particularly male ones in the 2024 election cycle and the megapoll indicates there could be additional opportunities for Republicans on that front. Additionally, while only 35% of voters approve of Trump's handling of the economy, compared to 41% who disapprove — a dramatic turnaround from his high standing during his first term and 2024 campaign — a plurality of voters believe tumult could be worth it. 4 The megapoll found silver linings with voters' perspectives of President Trump's handling of the economy, immigration and the One Big Beautiful Bill Act. REUTERS 4 President Trump has been keen on reshoring manufacturing jobs to the US. Boston Globe via Getty Images A considerable 42% of voters argued that economic turbulence could be 'worth it in the long-run' compared to 37% who disagreed, per the poll. Overall, voters surveyed for the poll narrowly favored Democrats over Republicans 44.9% to 43.3%, with 10.2% unsure. If the election unfolds that way, Democrats will flip just seven House seats and have a 222 to 212 majority in the lower chamber. Currently, Republicans have a 220 to 212 GOP majority. That is not a surprising result. The party in power has lost House seats in every midterm election since 1938, with two exceptions: 1998 and 2002. Republicans are still favored to retain the Senate. 4 House Republicans have an ultra-slim majority. Getty Images The poll also found that Trump's strongest issue was immigration, with a 49% approval to 33% disapproval. Even a quarter of voters who backed former Vice President Kamala Harris in 2024 backed his immigration policy. The megapoll was taken before protests and riots against US Immigration and Customs Enforcement (ICE) broke out across Los Angeles. Additionally, the massive survey found that key provisions of Trump's marquee legislative agenda, the One Big Beautiful Bill Act, are popular with voters. 4 President Trump's tariff policy has proven controversial, but the poll indicated that many voters are open-minded to it. AFP via Getty Images On net, respondents backed extending the 2017 Tax Cuts and Jobs Act 45% to 20%, and supported boosting border security funding 53% to 21%. Democrats have pummeled Republicans over Medicaid reforms in the legislative bundle, but 42% supported the main change of imposing work requirements, compared to 32% who opposed that. Those findings were published after a brutal Fox News poll that dropped on Wednesday showed voters opposing the One Big Beautiful Bill Act 59% to 38%. Senate Republicans are currently making modifications to the mammoth bill and are hoping to get it passed by the Fourth of July. GOP leaders have repeatedly predicted that the One Big Beautiful Bill Act could boost their electoral prospects once they get it over the finish line. The Stack Data Strategy survey was taken from May 23 to June 13 and sampled 8,008. The Post has contacted the pollster about the margin of error. In late 2023, the firm released a massive survey that found Trump was on pace to beat former President Joe Biden in the Electoral College.
Yahoo
14 hours ago
- Business
- Yahoo
Federal Reserve Warns Trump's Economy Is About to Get Whole Lot Worse
The Federal Reserve is forecasting aggressive stagflation for the remainder of 2025. Inflation is expected to go up to 3 percent, GDP growth is expected to fall by 1.4 percent, and unemployment will rise to 4.5 percent, the Fed announced Wednesday. This report comes as the Trump administration weighs further aiding Israel in its war on Iran, a move that could seriously destabilize the region and multiple economies, including our own. There's also Trump's 'One Big Beautiful Bill Act,' which is expected to add $2.8 trillion to the deficit and reward tax cuts to wealthy individuals and corporations while slashing Medicaid and other social welfare programs. Fed Chair Jerome Powell took to the podium on Wednesday to reaffirm what he's been saying for months: This economic downturn is a direct result of President Trump's tariffs. 'Increases in tariffs this year are likely to push up prices and weigh on economic activity. The effects on inflation could be short-lived, reflecting a onetime shift in the price level. It's also possible that the inflationary effects could instead be more persistent,' Powell said. 'Avoiding that outcome will depend on the size of the tariff effects, on how long it takes for them to pass through fully into prices, and ultimately, on keeping long-term inflation expectations well-anchored.' The Fed has refused to cut interest rates as a result of the projected stagflation. Trump has yet to comment on the Fed's report. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Trump Lashes Out at Fox News Over Devastating New Poll
Donald Trump slammed a Fox News poll Thursday on Truth Social, accusing the network's pollsters of being 'always wrong and negative.' 'The Crooked FoxNews Polls got the Election WRONG, I won by much more than they said I would, and have been biased against me for years,' Trump wrote, referring to the 2020 election, which Fox correctly said that he lost. 'It's why MAGA HATES FoxNews, even though their anchors are GREAT.' 'I hate FAKE pollsters, one of the Worst, but Fox will never change their discredited pollster!' he added. A Fox News poll released Wednesday shows that a majority of voters disapprove of Trump's job performance by an eight-point margin. The poll, regarded as one of the best in the industry, found that a majority of voters are still feeling pessimistic about the state of the economy. Just Tuesday, the Federal Reserve forecasted higher inflation as business owners and consumers start to feel the impact of the president's sweeping tariffs. On inflation specifically, Trump's job approval is underwater by 30 points, with just 34 percent of voters approving of his performance on the price-level. When it comes to the 'One Big Beautiful Bill Act,' congressional Republicans' sprawling package of tax cuts and health care 'reforms' that the president has put his full weight behind, the poll found Americans oppose the measure by a large margin. According to the poll, nearly three in four independents oppose the measure, as do the vast majority of Democrats. The majority of voters across the spectrum disapprove of the president's job on immigration and foreign policy, as his response to anti-ICE protests in Los Angeles and a collapse in diplomatic negotiations with Iran has dominated headlines.
The Hill
14 hours ago
- Business
- The Hill
Reconciliation and rescissions roil Congress
The threat of being kept after school if you hadn't completed your homework was a motivator back in my high school days. Apparently, it doesn't work on adults in Congress. Senate Majority Leader John Thune (R-S.D.) threatened to keep the upper body in session on Juneteenth and through the weekend if necessary to complete action on President Trump's 'One Big Beautiful Bill Act,' also known as the fiscal 2025 reconciliation bill. Senate Republicans emerged from their conference on Monday evening after being briefed on what changes the Finance Committee had made in the House-passed bill. They seemed just as divided as they were when they went into the meeting, primarily over cuts in Medicaid benefits, tax cut issues, and various smaller items tucked away in the 1,000 plus page measure (little jagged gems are still being discovered by close readers). The prospect of missing an extended weekend back home was not sufficient to spur immediate action. The larger issue looming over both the House-passed and Senate-tweaked bills is whether they provide steep enough cuts to make a real difference in the deficit. Disgruntled House Republicans are outraged that the bill, according to Congressional Budget Office estimates, would actually increase the deficit over the next decade rather that reduce it. The president's Office of Management and Budget disagrees with that assessment and scores the measure overall as a deficit reducer. The battle of the scorekeepers rages on with predictable arguments being made by both sides. Reconciliation is an obscure term plucked by the drafters of the 1974 Congressional Budget and Impoundment Control Act to accomplish a very simple objective, at least on paper. The two houses adopt a budget resolution for the coming fiscal year. It is a concurrent resolution on the budget with no force or effect in law — an aspirational goal of Congress on what it wants the federal government's fiscal status to look like. The congressional budget does have real consequences, though, once that framework is fleshed out. The regular appropriations process complies with the budget through caps on discretionary spending. In addition, reconciliation instructions to authorizing committees may direct changes in existing laws to either increase or reduce the amount of spending needed to achieve the budget resolution's goals, so-called mandatory spending, mainly in taxes and entitlements. And therein lies the rub, since a handful of members in both chambers have strong objections to particular items in the House-passed bill. The original aim was to complete action on reconciliation by the July Fourth recess, but House Speaker Mike Johnson (R-La.) thinks that deadline will now slip to later in the month. The fourth leg of the budgetary process is rescission. In the 1974 Budget and Impoundment Control Act, rescissions became the impoundment tool of presidents. If the president wants to withhold or cancel appropriations that have been enacted, he must submit a rescission request to Congress. If it approves the request within 45 days, the spending is cancelled. If not, the spending goes forward. President Trump, on May 30, submitted a $9.4 billion rescission request to the Hill. The House passed the rescission bill narrowly last week. The Senate will take it up after it completes action on reconciliation. In his first term, Trump proposed $15 billion in rescissions. The Senate rejected the entire package. The Government Accountability Office, the auditing arm of Congress, has just released a report finding the Trump administration has violated the law by rescinding funds for The Institute of Museums and Library Services without seeking the approval of Congress. Earlier this year, the agency made the same finding about the administration's cancellation of the $5 billion program for electric vehicle charging stations, again without seeking Congress's go-ahead. The Government Accountability Office indicated earlier this year that it is inquiring into over three dozen unilateral funding cuts by the administration, most of which originated with Elon Musk's Department of Government Efficiency or DOGE. There are those in the administration who do not think rescission bills are necessary because, they argue, the president already has unilateral authority to withhold funding as he sees fit without congressional approval. Moreover, they think the entire budget act is unconstitutional. This underlying dispute ultimately will be resolved by the Supreme Court. Until then, the administration is considering whether and how to complete its homework assignment by trying to put as many DOGE cuts as it can on the right side of the law with additional rescission requests. And Congress should ensure it completes its fiscal 2025 budget process assignment before time runs out on Sept. 30. Don Wolfensberger is a 28-year congressional staff veteran culminating as chief-of-staff of the House Rules Committee in 1995. He is author of, 'Congress and the People: Deliberative Democracy on Trial' (2000), and, 'Changing Cultures in Congress: From Fair Play to Power Plays' (2018).
