Sen. Elizabeth Warren (D-Mass.) unleashed sharp criticism of President Donald Trump‘s $3.8 trillion tax package after the House narrowly approved the legislation 215-214 on Thursday, accusing billionaires Jeff Bezos and Elon Musk of celebrating while millions face healthcare cuts.
What Happened: “Elon Musk and Jeff Bezos are popping champagne because House Republicans just passed Trump’s ‘big, beautiful bill,’” Warren wrote on X. “This bill is a big tax handout for billionaires, paid for by ripping health insurance from 14 million people.”
The legislation now advances to the Senate before the July 4 recess. Bond markets reacted sharply to the passage, with 30-year Treasury yields spiking to 5.15% — the highest level since October 2023 — as investors demand higher compensation for increased fiscal risk.
Warren …