The US Congress has successfully passed Donald Trump’s ambitious tax and spending bill, marks a crucial win for the President's domestic agenda despite facing fierce opposition and debate.
Trump's Tax and Spending Bill Passes in Congress: A Historic Win for the President
Trump's Tax and Spending Bill Passes in Congress: A Historic Win for the President
The recently passed bill promises to reshape US economic policy amid significant political contention.
In a closely contested session, the House of Representatives approved the bill by a slim margin of 218 to 214, following a Senate vote just two days prior that passed it by a single vote. Trump had urged Congress to present him with the finalized bill by the Fourth of July for signing. Although the Congressional Budget Office predicts the bill could raise federal deficits by $3.3 trillion over the next decade, the White House disputes these claims, asserting the bill will bolster the economy.
Speaking to the media after the vote, Trump expressed confidence in the bill’s potential impact on the country, stating, "This is going to be a great bill for the country." He is scheduled to sign it into law on the national holiday at 5 PM EDT. Republican Speaker Mike Johnson highlighted the importance of belief within the party to secure the necessary votes. Among those whose support was in doubt was Representative Chip Roy, who ultimately reversed his course and endorsed the legislation.
Celebratory chants of "USA! USA!" echoed among Republican lawmakers as the bill's passage was confirmed, though some opposition lingered. Remarkably, Democratic leader Hakeem Jeffries delivered an unprecedented eight-hour and 45-minute speech to delay the vote, criticizing the bill's implications for low-income Americans.
The legislation includes significant cuts to food benefits and health initiatives, alongside a rollback of tax incentives for clean energy, while making Trump’s previous tax cuts permanent. It allocates funding for border security and military expenditure, raising concerns among Democrats who argue it favors the wealthy over vulnerable populations. Nancy Pelosi denounced the bill as a hazardous agenda, echoing sentiments shared by other dissenting voices.
The tumultuous journey of the so-called 'big, beautiful bill' saw internal conflicts within the Republican ranks, hoping to retain unity amidst varying perspectives on fiscal responsibility. With the bill now on the path to becoming law, conversations are bound to continue regarding its long-term effects on the nation's well-being.
Speaking to the media after the vote, Trump expressed confidence in the bill’s potential impact on the country, stating, "This is going to be a great bill for the country." He is scheduled to sign it into law on the national holiday at 5 PM EDT. Republican Speaker Mike Johnson highlighted the importance of belief within the party to secure the necessary votes. Among those whose support was in doubt was Representative Chip Roy, who ultimately reversed his course and endorsed the legislation.
Celebratory chants of "USA! USA!" echoed among Republican lawmakers as the bill's passage was confirmed, though some opposition lingered. Remarkably, Democratic leader Hakeem Jeffries delivered an unprecedented eight-hour and 45-minute speech to delay the vote, criticizing the bill's implications for low-income Americans.
The legislation includes significant cuts to food benefits and health initiatives, alongside a rollback of tax incentives for clean energy, while making Trump’s previous tax cuts permanent. It allocates funding for border security and military expenditure, raising concerns among Democrats who argue it favors the wealthy over vulnerable populations. Nancy Pelosi denounced the bill as a hazardous agenda, echoing sentiments shared by other dissenting voices.
The tumultuous journey of the so-called 'big, beautiful bill' saw internal conflicts within the Republican ranks, hoping to retain unity amidst varying perspectives on fiscal responsibility. With the bill now on the path to becoming law, conversations are bound to continue regarding its long-term effects on the nation's well-being.
