Johnson says that Republicans in the House of Representatives reach a deal on the Trump budget bill worth 3 things

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Mike Johnson, Speaker of the US House of Representatives, said he had reached an agreement with the Republican protesters on state tax discounts that have proven an obstacle to financial legislation in Donald Trump.

Johnson added that he will take the 3TN-Plus bill to the House of Representatives Hall, where Republicans have a small majority 220 to 213, just on Wednesday.

“We are planning to do that tonight if possible,” he said.

Global markets are seeing progress in the bill, amid warnings from economists about the growing financial deficit in the United States and signs of anxiety in the bond markets about the country’s debt burden.

The revenues of the Ministry of Treasury with long parties increased, as traders are betting that the budget bill will lead to an increase in the issue in government debt. The return of the Treasury Ministry increased for 30 years 0.05 percentage points on Wednesday to 5.02 percent.

A number of Republican lawmakers from high -tax countries threatened to produce the approval of the legislation, which the president called “his big and beautiful bill” and includes periods of overwhelming taxes and deep discounts of spending programs such as Medicaid.

But on Wednesday, Johnson said that an “agreement” has been reached on raising the maximum amount of government and local taxes, known as Salt, which can be deducted from federal fees.

Johnson said: “I think the salt is gathered, as they call themselves, not everything they want, but I think they know what a great improvement that represents their components and gives them a lot to return to the home and talk about it,” Johnson said.

The legislation should be approved later by the Senate, which is also controlled by Republicans. Democrats are expected to vote in both rooms against the bill.

Johnson spent tonight in an attempt to unify the warring factions at the Republican Conference in the House of Representatives on a set of issues in legislation.

To win the voices of a handful of Republicans in New York, New Jersey and California, Johnson offered to raise the roof of salt discount to $ 40,000 with certain income limits.

The draft law will be the focus of Trump’s legislative agenda in his second term in his post and expands many tax cuts he delivered in 2017.

Its passage will represent a great political victory for the president, whose approval classifications were suffering from weeks of turmoil in the market resulting from his trade war.

Trump himself went to Congress on Tuesday to try to suppress the Republican opposition pocket of the draft law.

However, the proposed tax cuts also led to the relief of investors who are concerned that the bill will increase the burden of US debt and harm its financial location. Some Republicans sought deeper tax cuts, while others called for further spending to reduce.

It will also extend the extension of the tax cuts of individual income, as well as increasing the standard deduction and tax credit of the child, just as it resembles taxes on advice and additional work fees, as Trump pledged in the course of the 2024 campaign.

The non -party committee for the responsible federal budget estimates that the draft law will increase US national debt at more than $ 3.3 million during the next decade.

This would increase the debts of the federal government, which the public maintains from about 98 percent of GDP today to a record of 125 percent of GDP by the end of that period, according to the committee.

Last week, Moody stripped the United States of its tripartite credit rating-on fears of the harmful deficit, and the treasury revenues rose 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.

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

Additional reports by Kate Duguid