OPINION:
President Trump is on a roll. By Friday, the stock market had recaptured the value lost after traders sustained a severe case of tariff jitters. A successful strike against Iran’s nuclear development sites ended with a ceasefire. And the One Big Beautiful Bill Act cleared Senate procedural hurdles Sunday.
These victories are precarious, as brokers, ayatollahs and members of the world’s greatest deliberative body are a fickle bunch. Even so, the Senate is poised to pass the 940-page reconciliation measure that makes Mr. Trump’s 2017 tax cuts permanent by Tuesday.
This is possible because the largest sticking point has been addressed. A handful of politicians from conservative states had complained about “rural hospitals” being hurt if lawmakers reverse the massive expansion in Medicaid coverage under Presidents Obama and Biden. This set the country on an unsustainable path, with Medicaid spending surging to $871 billion in 2023, far outpacing the