It happened what the US President described as a breakthrough moment for his country. On Thursday, the House of Representatives adopted a bill, which, as Trump pointed out, is not only to reduce the tax burden of Americans, but also increase the security of borders and migrants' deportations. He expressed the belief that the new law would make citizens “richer, safer and more proud than ever before”.
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The US President did not hide his enthusiasm on the Truth Social website, where he wrote: “Republicans in the House of Representatives have just passed one great beautiful act. Our party is united as never before, and our country is on top.” He announced a solemn ceremony of signing the document on Independence Day, with the participation of congressmen and senators, which is to be the symbolic beginning of the new stage for the USA.
The act, officially called “One Big Beautiful Bill Act”, combines extensive tax cuts, including the consolidation of changes from 2017, tax exemptions from tips, overtime earnings and social security benefits. At the same time, it provides for a reduction in social expenditure, including Medicaid, support under the Obamacare program or SNAP food vouchers. The project also assumes a one -time increase in the defensive budget by $ 150 billion, which is to increase its value to a record level of $ 1 trillion.
The attitude of votes in the House of Representatives was 218 to 214. Success is attributed to the night negotiations of Donald Trump and chairman of the Chamber Mike Johnson, who convinced almost all skeptical republicans to support the project. The act, although crucial for Trump's administration, was not without broad criticism, both from the opposition and members of his own party.
The analysis of the Congress Budget Office leaves no illusions – despite the promised savings, the new law will deepen the budget deficit by $ 3.8 trillion in the next 10 years. Additionally Nearly 12 million Americans may lose health insurancewhich aroused controversy among the moderate republican fraction. External analysts, like the Yale Budget Lab center, in turn forecast that the richest will benefit from the changes – 20 % profit. The best -paid will increase by 5.7 thousand. dollars a year, while the poorest will feel a decrease in income by up to $ 700. annually.
The issue of financing the document also causes controversy. Elon Musk, former sponsor of the campaign of President Trump, sponsor critically about the actwhich does not hide the doubts related to its economic effects. Despite this, the president's colleagues argue that the new regulations will open America to the era of stronger economic growth and improving living standards.
