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Mar 11, 2026 Building a Better California and the California Business Roundtable received major tech-billionaire funding to oppose the Billionaire Tax Act Corroborated Economic Structure
The spending showed concentrated private wealth shaping tax policy fights that affect public revenue and services.
Supporting reports
- Building a Better California's Campaign Against Billionaire Tax — Sergey Brin and Eric Schmidt have contributed substantial amounts to Building a Better California, a committee opposing the Billionaire Tax Act.
- California Business Roundtable Campaign Against Billionaire Tax — Eric Schmidt, former CEO of Google, has contributed $1.04 million to the California Business Roundtable, an independent committee campaigning against the proposed Billionaire Tax Act.
Jul 21, 2025 President Trump signed a tax law projected to add trillions to the deficit while cutting safety-net support Tier 1 · Primary Economic Structure
The law shifted fiscal benefits upward while reducing public support systems, deepening the democratic stakes of tax and budget policy.
Supporting reports
- Trump signs tax bill into law — On July 4, 2025, Donald Trump signed a new tax bill into law, which is projected to add $3.4 trillion to the national debt over the next decade, according to a Congressional Budget Office (CBO) report.
Jul 3, 2025 Congress passed the One Big Beautiful Bill Act after final House approval Tier 1 · Primary Institutions and Governance
The final passage completed a major policy shift through a narrow partisan process that tested congressional independence and procedure.
Supporting reports
- Hakeem Jeffries delivers record-breaking House floor speech against GOP tax bill — On Thursday, Democratic leader Hakeem Jeffries delivered the longest House floor speech in history, speaking for over eight hours to delay a vote on Donald Trump's $4.5 trillion tax-and-spending bill.
- House of Representatives Advances Trump’s Tax-and-Spending Bill — The House of Representatives advanced Donald Trump's tax-and-spending bill, known as the One Big Beautiful Bill Act, after a procedural vote.
- Passage of Trump's Signature Tax and Spending Bill — On July 3, 2025, the U.S.
May 17, 2025 House Republicans failed to advance and then later revived a major budget package extending tax cuts and raising the debt ceiling Corroborated Institutions and Governance
The bill became the week's main vehicle for reshaping fiscal priorities, social programs, and institutional power through a single partisan package.
Supporting reports
- Republicans attempt to pass significant budget bill — Republicans in Congress attempted to advance a budget measure dubbed “One, Big, Beautiful Bill,” which aimed to extend Trump’s tax cuts at a projected cost of $4.6 trillion over ten years while raising the debt ceiling
- House Budget Committee passes bill in late-night session — The House Budget Committee passed a budget bill after a late-night session, with some members who previously voted 'No' changing their votes to 'Present.' The bill is set to face further scrutiny in the Rules Committee.
- Republicans criticized for scheduling votes at odd hours — Several Democratic representatives criticized Republicans for scheduling votes on significant legislation during late-night hours, suggesting a lack of transparency and public engagement in the legislative process.