The US Senate, which is controlled by Republicans, approved the draft law of President Donald Trump’s tax and spending on Tuesday, as it signed a huge package that would repeat many of its higher priorities in the law with the addition of $ 3.3 trillion to the national debt.
The draft law is now returning to the House of Representatives for the final approval. Trump prompted legislators to reach his office to sign the law by Independence Day on July 4.
Trump’s Republicans were forced to move in a narrow path during the grazing of the 940 -page bill through the Congress they control with the most margins.
As Democrats lined up in the opposition, Republicans did not get only three votes to spare them in the House of Representatives and the Senate while preparing specific tax exemptions and health care policies that could reshape the entire industries and leave millions of unbelievable people.
However, they have been able to remain largely unified so far. Only three Republicans of the 53rd Senate joined the Democrats to vote against the package, which passed 51-50 after Vice Vice President JD VANCE made a tie.
The vote is likely to be in the House of Representatives, where Republicans carry a majority of 220-212, as well.
“Not the financial responsibility”
A preliminary version was released with only two voters to spare them in May, and many Republicans in that room said that they do not support the version that came out of the Senate, which will be added by the Non -Party Congress Budget Office (CBO) $ 800 billion to national debt more than the copy of the House of Representatives.
The Freedom of the House of Representatives, a group of intermediate conservatives who have repeatedly threatened to withhold their support for the tax law, is prepared for more discounts in spending than the Senate.
“The Senate version adds 651 billion dollars to the deficit – this is before interest costs, which is nearly twice the total,” and the gathering on the Internet was published on Monday, “This is not a financial responsibility. It is not what we agreed upon.”
A group of moderate Republicans in the House of Representatives, especially those representing low -income areas, interferes with the most severe Medicaid discounts in the Senate Plan.
Republicans in the Senate, who voted in the Saturday session, liquidated a major procedural step as they compete to strengthen the law of the US President Donald Trump’s law – a set of tax exemptions, spending discounts, and the strengthening of deportation funds. The bill was released 940 pages shortly before midnight. If the Senate is able to pass it, the legislation will return to the House of Representatives in a final round of votes before it reaches the White House.
“I will not support a final draft law that eliminates bio financing flows that adopt our hospitals.”
However, Republicans in the House of Representatives are likely to face tremendous pressure to fall into the queue of Trump in the coming days.
Tax exemptions, immigration campaign, more strict benefits
The Big Beutiful Law will make permanent discounts in Trump and personal income tax for 2017, which is scheduled to end at the end of this year, and rid new tax exemptions for additional income and additional work and the elderly who promised them during the 2024 elections. It provides tens of billions of dollars to suppress Trump’s immigration and will cancel many Green energy incentives for Democratic President Joe Biden.
The civil law will also stress the safety and health network programs, which non -party analysts say will actually reduce the income of the poorest Americans who will have to pay more of these costs.
The Central Bank of Oman estimates the latest version of the bill that will add $ 3.3 trillion to a debt pile of $ 36.2 trillion. An non -party analysts say that increased debt is a transition to wealth from younger to the elderly from the older Americans.
The draft law also raises the borrowing limit in the country by $ 5 trillion, which will postpone the possibility of defaults on the payment of debts this summer that will last the global markets.
US President Donald Trump indicated that he would increase government spending and reduce some financial restrictions through a new spending bill called “the big beautiful bill” last week. Mark Ting, a partner with an institution’s wealth and the column writer in personal financing on the coast, says the markets have already responded positively to the draft law.
Republicans rejected the cost of the long -term CBO methodology. However, foreign bond investors see incentives to diversify from the American cabinet with a deficit.
Republicans say the bill will help small families and companies and put interest programs such as Medicaid on a more sustainable path, and they have widely agreed to its main oceans.
But they fought to agree on the MEDICAID financing mechanism and tax exemption for tax and local payments, which are a top priority for a few Republicans in the House of Representatives from high -tax states including New York, New Jersey and California. Others are concerned that the campaign on the financing mechanism for the Medicaid Health program can lead to service discounts in rural areas.
Meanwhile, some on the right side of the party pushed the deeper medical care discounts to reduce the impact of its budget.
Trump designed these Republican dissidents on his social network in fact and excluded them from the events of the White House, and a few of them were ready to challenge him since he returned to his post in January. Senator Tom Teleles of North Carolina, one of the three Republicans who voted against the bill on Sunday, said he would not nominate for his re -election next year.
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