President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street but fueling concerns about the long-term health of the US economy, investors say.

Key provisions in the president’s signature legislation will take effect at different times over several years.

Under the final iteration, the so-called Trump accounts are custodial individual retirement accounts for kids, with special rules until the year the child turns 18. For the next few years, they come with $1,000 of seed money from the Treasury Department for newborns. That money would grow tax-deferred, with income taxes due upon withdrawal.

Trump's legislation narrowly cleared Congress. Now the administration is facing the challenge of selling it to the public.

Trump could order the Treasury Department to properly define a "capital gain" as any increase in the value of a stock or property AFTER INFLATION ADJUSTING from the time of the purchase of the asset to the time of the sale. In that case, the real rate of tax on capital gains would fall, and investment would rise. And tax revenues would RISE!

The president’s signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire.

The new borrowing limits will affect students at various educational levels. Undergraduate students, who currently can borrow up to $31,000 in total federal student loans if they are dependents and $57,500 if they are independent, may face reduced maximum loan amounts.

The move reveals both the power of philanthropic groups to sway legislators and a split in the administration’s coalition.

Democrats are poised to contest the Republican talking points about the "big, beautiful bill" at every turn, emphasizing the cuts to Medicaid.

Harvard University warned that the combined cost of federal actions against the school, including a recently passed tax increase on its endowment, could approach $1 billion annually.