The project was formally called “one great beautiful act” because it combines many Trump's tax promises – including consolidation of tax cuts introduced in 2017 for 10 yearsand also tax exemption from tips, overtime earnings and social security benefits – with deep cuts of social expenditure, including State health insurance for the least earners (Medicaid), Private insurance subsidies under Obamacare or vouchers programs for the purchase of food (SNAP).
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In addition, the project provides Increasing the budget for migrants and border security, introduces high fees for asylum applicants, and also contains a one -time increase in defense expenditure by $ 150 billion., which is to increase expenses to $ 1 trillion.
Trump's “Great Beautiful Act”. Is the decision of the US Senate
The US Senate voted on Tuesday project One Big Beautiful Bill Act. He obtained the project in the final vote 50 votes for “yes” with 50 votes against.
In such a situation, the decisive voice of the US Vice President and at the same time the chairman of the Senate was needed. JD Vance decided that the Senate approved the act.
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This is not the end of the legislative process of the Trump act. The final is still unclear
Due to the amendments introduced, the Act will again go to the House of Representatives. At the beginning of June, the Chamber supported the act in its original shape, but it is not clear whether it would accept it in a new wording.
