House Republicans are on the verge of passing President Donald Trump's sweeping tax and policy bill, aiming to send it to his desk by the July 4th holiday. This nearly 1,000-page "One Big Beautiful Bill Act" is a sprawling collection of Republican priorities, encompassing significant tax cuts, spending reductions, and increased funding for national security and immigration enforcement.
At its core, the legislation seeks to make permanent many of the individual and business tax breaks enacted in Trump's first term that are otherwise set to expire by the end of 2025. It also introduces new tax breaks campaigned on, such as no taxes on tips and overtime pay, and a larger deduction for seniors. The bill includes approximately $4.5 trillion in tax cuts over ten years.
To offset these cuts, the package proposes substantial reductions to safety net programs like Medicaid and food assistance, largely through new work requirements. Additionally, it allocates about $350 billion for Trump's border and national security agenda, including funds for the U.S.-Mexico border wall and increased migrant detention capacity.
The legislative process has been a tightrope walk for Republicans, who hold a slim majority in the House. Despite facing united opposition from Democrats and navigating internal disagreements among their own ranks, GOP leadership has pushed tirelessly to meet the President's deadline, with late-night sessions and intense negotiations. The bill has already cleared the Senate by a narrow margin, with Vice President J.D. Vance casting a tie-breaking vote. Its imminent passage in the House marks a significant legislative victory for the administration, though Democrats have vowed to make it a central issue in upcoming elections.
SEE MORE: https://legendusashirt.com/
Comments
Post a Comment