The overhaul of taxation and spending spells trouble for America
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Republicans mark America’s birthday with a profligate but insubstantial law
The Big Beautiful Bill is symptomatic of a wider malaise
America’s last elections before next year’s midterms have given Democrats hope
Their economic impact has been delayed but not averted
Provisions in the Republican budget are a dangerous step
It is astonishingly dynamic, even under the weight of tariffs
