Surging oil prices could wipe out benefits from Trump’s ‘big beautiful bill’

Key Points

Raymond James estimates that what consumers pay in higher gas prices could total exactly what they’re set to gain with the tax changes under President Donald Trump’s “big beautiful bill.”
The stimulus was expected to boost both the U.S. economy and markets in 2026.
While consumers may not get as much of a boost as expected, there’s still confidence the U.S. economy and markets can manage higher oil prices.

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