Donald Trump presses Republicans to pass the “large and beautiful” tax bill “

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Donald Trump increases the pressure on Republicans in the House of Representatives to pass his comprehensive bill to extend the trillions of dollars from tax cuts and reduce government spending, after the internal departments threatened to delay in Congress.

The President visited the American Capitol building on Tuesday morning to urge Republican legislators to conclude a deal on a “large and beautiful bill”, warning them that if they fail, tax The discounts he delivered in 2017 will end at the end of the year.

“This is the largest tax reduction in the history of our country,” ” Trump He said. “Or you will get a 68 percent tax increase.”

with Republicans The president maintains a small majority from 220 to 213 in the House of Representatives. The president can only lose the votes of a few lawmakers in Congress if the budget bill will be made.

The hard-line and moderate conservatives fought the climate tax credits in the Biden era, the work requirements for Medicaid-the American health care plan for the poor-federal state and local tax deduction, which benefit democratic states such as New York.

The draft law will extend the tax cuts of individual income, in addition to increasing the standard deduction and tax credit for children. It will reduce taxes on advice and additional work wages, as Trump has pledged in the 2024 campaign path. It will also enhance military and security spending, while reducing hundreds of billions of dollars in medical tax credits and clean energy tax.

This legislation will also increase taxes on investment revenues at the university and private institutions, but does not include some of the things that Trump wants, including increasing taxes on hedge and private stock fund managers.

Non -partisan The responsible federal budget committee It is estimated that the bill will increase US national debt by more than $ 3.3 million over the next decade. Investors expressed concern about the country’s sustainability Public Finance And whether the world will continue to finance the government in Washington.

I stripped last week from MOODY from the United States Triple credit classification- Treasury revenue increased in the long run.

Trump tried to appeal to the moderates by saying that the draft law does not cut anything “meaningful”, only “waste, fraud and abuse.” Russell Fion, director of the Administration and Budget Office, said that the legislation includes the most important spending discounts in the past three decades.

However, conservatives pushed more cuts. Before the president’s meeting, Thomas Massi, a Republican in Kentucky, criticized a new offer from Mike Johnson speaker to increase the so -called salt discount, which allows people to deduct some of the taxes paid for government governments and local governments.

“The Republicans (they) will go to the bats for the tax discounts that will be useful in the first place the liberal Limozine in the blue states,” published Diamond On X. “This slope of wealthy individuals in the states such as New York and California will greatly increase the deficit and reflect Trump’s first tax policy.”

During his meeting with legislators Trump, “he explained that he wanted us to pass this law,” said Dasti Johnson, a Republican in South Dakota, to the Financial Times. “He wants us to stop tightening.”

But the special correspondence apparently failed to suppress the fighting. After the meeting, New York Republican Congress members Mike Luller and Nick Lotta said that the offer on salt was not good enough.