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One thing has been true about both the Republican and Democratic parties on Capitol Hill in recent decades — even as the partisan divide has widened. No matter how much they may talk about the deficit and reining in spending, that’s never stopped either party in power from passing bills that don’t exactly add up when it comes to balancing the books of the federal government.
Will this time be different?
Chief financial officers are betting it won’t when it comes to President Trump’s “One Big Beautiful Bill.”
A majority (86%) of CFOs at companies across the economy surveyed by CNBC say there will be significant changes made to the bill, but it will become law. And they expect the corporate tax breaks temporarily made law by Trump’s 2017 tax act to still be on the books as they face expiration at year-end.
