Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
House republicans have passed a radical multi-trillion dollar tax benefits, a scary victory for President Donald Trump and house speaker Mike Johnson after weeks of negotiations with conservative hold-outs.
Trump’s “Big, Beautiful Bill” continued with a vote of 215 votes to 214, with two Republicans join Democrats to resist it and one voice present.
It is now going to the Senate, who gets the chance to properly approve or change the provisions of the bill.
The allies of the US President on Capitol Hill have celebrated his passage as a victory, in which Johnson says that “Americans gets back to winning”.
Long a policy priority of Trump’s, the legislation will soon expand expire tax cuts that were adopted during his first administration in 2017, and offers a influx of money for defense expenditure and to finance the mass deportations of the president.
It also eliminates temporary taxes on overtime and tips – both important promises that Trump made during his successful presidential campaign from 2024.
“What we are going to do here this morning is really historical, and it will make a difference in the daily life of hard -working Americans,” said Johnson for the mood on the floor.
Moreover, the bill makes significant cuts on the spending, including the Medicaid Healthcare program for Americans with a lower income and Snap, a program for food aid used by more than 42 million Americans.
These cuts were the subject of intense friction Among the Republicans, which was eventually overcome after the President traveled to Capitol Hill on Tuesday. He told the legislators privately to set aside their objections or to experience consequences.
Democrats also fiercely oppose the bill and warned that the cutbacks could have serious consequences for millions of Americans with a lower income.
“Children will be injured. Women will be injured. Older Americans trusting medicaid for nursing home care and for home care will be injured,” said minority leader Hakeem Jeffries, a Democrat in New York, on the floor of the house.
“People with a disability trust in Medicaid to survive will be injured. Hospitals will close in your districts. Nursing homes will be closed,” he added. “And people will die.”
The next day, a statement from the White House warned that the administration would see the failure to omit the bill as the “ultimate betrayal”.
However, the legislation comes with a huge price tag. It is estimated that it adds $ 5.2 TN (£ 3.9 tn) to the American debts and increases the budget deficit by around $ 600 billion in the next tax year.
Those striking figures – and the prospect to pay interest payments on the debt – were among the reasons that Financial Rating Agency Moody’s Last week the American credit assessment lowered.
The long document of more than 1,000 pages was only asked a few hours before the legislators were asked to vote, which means that there can be other provisions and line items that still have to be discovered.
The Senate must also approve the bill and can make some changes to the process. If legislators do there, it returns to the house for a new mood with high deployment with potential to go wrong.
About the Social Truth, Trump urged the Senate to send the bill “as quickly as possible” to his task.
One of the first items that Senators will have to tackle is a report from the Congressional Budget Office that would cause a provision of a 2011 law that would cause approximately $ 500 billion in cuts to Medicare, the health insurance program for the elderly.
Trump had promised not to touch that popular government service – and Republicans would probably experience a political price if they did not adjust the rules to prevent compulsory reductions.
Democrats promise to use today’s voice against Republicans in the interim congress elections of next year, with the emphasis on other cutbacks on the spending-including the low-income health insurance program, government investigation and environmental expenses and tax reductions for the rich.
Even congress republicans celebrate a victory, the limitedness of the majority of the Republican House is vulnerable to even small shifts in public sentiment. The mid -terms can turn control of that room to the Democrats and bring Trump’s legislative agenda to a halt.
