The US House of Representatives passes the tax on Trump

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The US House of Representatives has passed a draft law on Donald Trump through one vote after days of quarrels between the varying factions of its Republican party, which paves the way for the first major legislative success in its second term.

the republican-The House of Representatives, which was controlled 7 am in Washington, voted by 215-214 to approve the legislation of more than 1000 pages, which would reduce taxes, reduce social spending and increase federal debts.

He now goes to the Senate, where Republicans hold a small majority.

The sprawling legislation, which Trump It was called a “beautiful draft law”, in the center of a fierce battle between Republican lawmakers in recent days.

Parliament Speaker Mike Johnson fought to overcome adhesion points, including discounts in spending on state -backed health care and clean energy tax credits, and local tax levels that can be deducted from federal fees.

Johnson said minutes before the legislation was approved, “The big and beautiful draft law is the most legislation that any party has ever approved, and certainly under this majority,” Johnson said minutes before the legislation was approved.

He added that the democratic opponents of the draft law were voting in favor of “the largest tax increase” in the history of the United States.

But Hakim Jeffrez, the leader of the minority in the House of Representatives, said that the draft law will deprive at least 13.7 million people from health care securing, “removing food from the mouths of children, disabled Americans, older and older American warriors” due to discounts in food stamps.

He said: “It is a big ugly bill.” It is an attack on the economy.

The passage of the draft law by the House of Representatives represents a major political victory for Trump, whose approval assessments were weeks after the turmoil in the market resulting from its trade war.

The non -partisan committee for the responsible federal budget estimates that the legislation will increase the US national debt by more than 3.3 trillion over the next decade, increasing the debts of the federal government, which the public maintains from about 98 percent of GDP to 125 percent.

Investors closely seen the bill amid concerns about the growing financial deficit in the United States, which led to Moody’s stripped the United States of tripartite credit rating last week and paid bond returns, which are inversely transmitted to prices.

The return on US Treasury bonds increased for 30 years to 5.12 percent after the bill has passed, increasing more than 0.2 percentage points this week.

The S&P 500 has decreased by 1.6 percent on Wednesday as concerned about the deficit that turned on the stock markets.

The draft law will set permanent tax provisions from the first administration of Trump – including the tax cuts of individual income – which will expire at the end of this year.

It will also lead to a reduction in taxes on advice and additional work wages, after Trump pledges during his successful presidential campaign for 2024 and increased spending on border security.

Republicans have sought to reduce the price of the invoice by reducing nearly $ 800 billion from Medicaid – the health care plan in the United States for those who have low income – and hundreds of other billions of Stamp Food and clean energy tax credits.

A vote came on Thursday after the Republicans who opposed the draft law at the White House met on Wednesday.

President Capitol Hill also visited his party to pass the legislation after the conservatives expressed concern about his cost and the moderate Republicans paid a greater discount for the state and local taxes.

Russell Fair, director of the management and budget office in Trump, said that the legislation includes the most important spending discounts in the past three decades.

While some conservatives prompted more discounts, only two Republicans voted against the bill – Thomas Massi from Kentucky and Varne Davidson from Ohio – because of its effect on American debt.

“The deficit does not matter and this is the bill grows for them now,” Davidson posted on X.