Understand Trump’s trump trump package

In a tight vote, Republicans approve tax package that raises spending, cuts taxes and increases public debt by nearly $ 4 trillion

In a tight vote at dawn, the US representatives, controlled by Republicans, approved for 215 to 214 votes the ambitious fiscal and budgetary package named “Big, Beautiful Bill”. The proposal, which now goes to the Senate, provides for tax cuts and increased spending, but will also raise public debt in trillions of dollars.

What is in the package

The bill, with over 1,100 pages, seeks to consolidate President Donald Trump’s campaign promises, including:

• New tax benefits for tips and vehicle financing
• Increased funds For the Armed Forces and Immigration Control
• Tax Cut Extension Approved in 2017
• Reduction of incentives renewable energies, created during the Biden government
• Restrictions on social programsas Medicaid and Snap (Food Voucher)
• Strengthening mass deportationwith capacity to expel up to 1 million immigrants per year
• Facilitation of the purchase of silencers for firearms

According to the Congress Budget Office (CBO), the measure should add $ 3.8 trillion national debt, which already exceeds US $ 36 trillion.

Last minute reactions and adjustments

With a narrow majority (220 to 212), Mayor Mike Johnson had to negotiate until the last minute to secure votes. Changes in the text included:

• Work requirement For beneficiaries of Medicaid from 2026 (two years ahead of expected), which can remove millions from the program
• Increased tax deduction for residents of states with high tax burden, such as New York and California

Democrats criticized the proposal, classifying it as a “benefit to the rich.” The CBO estimates that the poorest 10% will lose income, while the richest 10% will earn.

“This project is a fraud, a blatant theft of the American people to fill the pockets of Trump’s billionaires”said Democratic Deputy Jim McGovern.

Concerns about debt and markets

US debt already is equivalent to 124% do PIBleading the Moody’s agency to lower the country’s credit classification. Interest consume 1 in $ 8 Government spending – more than the military budget.

Investors are concerned about Trump’s deficit and protectionist measures, reducing dollar exposure. The bags reacted with light high after a turbulent day.

Next Steps

The package will now be debated in the Senate, where Republicans also have a majority, but will face resistance. If approved, it will mark one of the largest tax reforms in recent US history.

“This is the most important legislation ever signed in our country!”celebrated Trump on social network.

With information from news agencies*